Details of the January 2017 US industrial production data report 15 February 2017
Prior 0.8%. Revised to 0.6%
- Manufacturing production 0.2% vs 0.2% exp m/m. Prior 0.2%
- Capacity utilisation 75.3% vs 75.5% exp. Prior 75.5%. Revised to 75.6%
Here's a changeup, IP was lower due to warm weather.
On the consumer side, durable goods manufacturing fell 0.1% vs 0.5% prior.
There's still plenty of spare room in production.
US capacity utilisation