US May industrial production +0.4% vs +0.2% expected
Industrial production data
- Prior was -0.5% (revised to -0.4%)
- Manufacturing production +0.2% vs +0.1% expected
- Prior manufacturing production -0.5% (unrevised)
- Capacity utilization 78.1% vs 78.0% exp
This is a solid data point with a slight upward revision. It's another reason the Fed might look to play it a bit closer to the middle of the road next week.