US industrial production for April 0.7% versus 0.3% estimate
- Industrial production prior month -0.5% revised to -0.3%
- Capacity utilization prior month 75.7
- Manufacturing production last month -0.1% revised to +0.1%
For April:
- Industrial production 0.7% versus 0.3% expected. Year on Year industrial production is up 1.4%
- capacity utilization 76.1% versus 75.8% estimate. The index a year ago was at 76.1% as well.
- manufacturing output 0.6% versus 0.2% estimate. Year on Year the manufacturing output is up 1.3%, led by utilities which are up 2.7%
Not surprising, utilities are helping with demand for AI increasing.
Looking at the major market groups:
- Final Products
- MoM: +1.1% vs -0.6% last month. Higher
- YoY: +1.4%
- Consumer Goods
- MoM: +0.9% versus -0.8% last month. Higher
- YoY: -0.2%
- Business Equipment
- MoM: +1.5% versus -0.1% last month. Higher
- YoY: +6.0%
- Nonindustrial Supplies
- MoM: +0.2% versus +0.5% last month. Lower
- YoY: +1.5%
- Construction
- MoM: 0.0% versus +0.9% last month. Lower
- YoY: +1.2%
- Materials
- MoM: +0.5% versus -0.4% last month. Higher
- YoY: +1.2%
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