US Dec industrial production -0.1% vs -0.1% exp

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.