November industrial production data

  • Prior was +0.1% (revised to -0.2%)

  • Manufacturing production 0.0% vs +0.3% exp

  • Prior manufacturing production +0.3% (revised to -0.1%)

  • Capacity utilization 78.5% vs 78.6% expected

  • Prior capacity utilization 78.1%

The revision covers most of the gain but it's a decent number and underscores a solid economy. This report and the retails sales data will lead to some upward revisions to GDP trackers.