US April industrial production 0.0% vs +0.1% expected

  • US April industrial production
  • Prior was +0.4% (revised to +0.1%)
  • Manufacturing output -0.3% vs +0.1% exp (prior revised to +0.2% vs +0.5%)
  • Capacity utilization 78.4% vs 78.4% exp
  • Prior capacity utilization 78.4% (revised to 78.5%)

This should be a drag on GDP but it's tough to extrapolate it to the larger economy, in part due to the problems at Boeing.

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