Industrial production data

  • Prior was +1.0% (prior was +1.1%)
  • Capacity utilization 76.6% vs 76.8% expected
  • Manufacturing output -0.4% vs +0.1% exp
  • Prior manufacturing output +1.1%
  • Mining output +1.6% vs +1.5% prior
  • May motor vehicle assembly rate falls to 11.54m/yr from 11.77m/yr

Yet another disappointing reading on US data.