- Prior 0.6% revised to 0.5%
- Manufacturing output 0.1% vs 0.4% exp m/m. Prior 0.6% revised to 0.4%
- Capacity utilisation 79.1% vs 79.3% exp. Prior 79.1%
A slide back from last months gains but we’re still modestly in the green. Still plenty of slack to be taken up with the capacity staying unchanged from an expected rise.
There’s not much standing out in the breakdown. Durable goods and motors & parts falling are the most noticeable. Motors & parts are often volatile anyway.
If the market was looking for a further boost to the economy from this report then they’ll be disappointed. It highlights limpness of the manufacturing recovery in the States.
USD/JPY is sliding through 101.70 to 101.68 and from the highs at 101.79
US industrial production details 16 07 2014
US industrial production 16 07 2014
