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.

Ryan Littlestone

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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