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.