US January industrial production report highlights
- Prior was -0.1% (revised to -0.3%)
- Capacity utilization 79.4% vs 79.9% exp
- Prior capacity utilization 79.7% (revised to 79.4%)
- Manufacturing production +0.2% vs +0.4% exp
- Prior manufacturing production +0.3%
This report isn't generally a big market mover but the US dollar is sensitive today ahead of the Fed minutes. The data is on the soft side with negative revisions but the reaction has been nil.
