July 2018 US industrial production data 15 August 2018

  • Prior 0.6%. Revised to 1.0%
  • Capacity utilisation 78.1% vs 78.2% exp. Prior 78.0%. Revised to 78.1%
  • Manufacturing output 0.3% vs 0.3% exp m/m. Prior 0.8%

A miss but higher revisions on last month. It seems there’s no real problems in the sector linked to trade wars. Durable goods production rose 0.4%. Business equipment and motor vehicle parts had the biggest gains, 0.8% & 0.9% respectively.

 

 

Ryan Littlestone

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