April 2018 US industrial production 16 May 2018
- Prior 0.5%. Revised to 0.7%
- Capacity utilisation 78.0% vs 78.4% exp. Prior 78.0%. Revised to 77.6%
- Manufacturing output 0.5% vs 0.5% exp m/m. Prior 0.1%. Revised to 0.0%
Better than expected but with a higher revision. Capacity a bit of a worry due to the lower revision.
For manufacturing, auto parts let the side down but durables are holding up well, which is good for showing consumer demand.