US March industrial production +0.5% vs +0.3% expected

Industrial production for March

  • Prior was +0.9% (revised to +1.0%)
  • Capacity utilization 78.0% vs 77.9% expected
  • Manufacturing production +0.1% vs +0.1% exp
  • Prior manufacturing production +1.3% (revised to +1.5%)

Solid report. It will push Q1 GDP forecasts up a tick or two.

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