Highlights of the US industrial production report for December:
- Prior reading was +1.3%
- Capacity utilization 79.7% vs 79.9%
- Prior capacity utilization revised to 80.0% from 80.1%
- Manufacturing production +0.3% vs +0.2% exp
- Prior manufacturing production revised to 1.3% vs 1.1%
No big surprises in this data and the falls in capacity utilization come after a long string of gains. Some of the factory indications have been weak lately but there’s nothing worrisome here.
