March US industrial production
- Prior was 0.1%
- Capacity utilization 76.1% vs 76.1% expected
- Prior capacity utilization was 75.9% (revised to 75.7%)
- Manufacturing production -0.4% vs 0.0% exp
- Prior manufacturing production +0.3%
Details:
- Motor vehicles/parts -3.0%
- Production +0.8% ex vehicles
- Utilities +8.6%
- Consumer goods +1.2%
- Business equipment -0.4%
The soft numbers in business equipment have been ongoing and speak to the lack of business investment that's restraining US growth.