February 2018 US industrial production 16 March 2018

  • Prior -0.1%
  • Capacity utilisation 78..1% vs 77.7% exp. Prior 77.5%
  • Manufacturing production 1.2% vs 0.5% exp m/m. Prior 0.0%

Decent numbers here and the Cap U moving higher is good news as it means the US machine is stepping up a gear. Some caution though as autos and mining stepped up to help the gains. Durable goods rose a good 1.8% vs -0.4% prior in manufacturing but consumer goods in final products only rose 0.1%.

The dollar is higher across the board but that was happening well beofre the data.

US IP details

US IP details

Ryan Littlestone

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