US April industrial production +0.7% vs +0.6% expected

April US industrial production data

• Prior was +0.5% (revised to +0.7%)
• Manufacturing production +0.5% vs +0.5% expected
• Prior manufacturing production +0.1%
• Capacity utilization 78.0% vs 78.4% expected
• Prior capacity utilization 78.0%

Solid reading despite a slowdown in autos, where the assembly rate fell to 11.77 million units per year from 12.03m.

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