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Thursday, June 24, 2021

US April industrial production +0.7% m/m vs +1.0% expected

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April US industrial production data

  • Prior was +1.4% (revised to +2.4%)
  • Capacity utilization 74.9% vs 75.0% expected
  • Manufacturing production +0.4% vs +0.3% expected

The revision is a big story here. When you factor that in, the overall level of production is higher than anticipated. This is a good report.

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