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