US March industrial production -0.3% vs -0.2% expected

• Prior was +0.7% (revised to +0.8%)
• Industrial production y/y +1.34% vs +1.44% prior
• Ex cars/parts -0.4% vs +0.4% prior
• Capacity utilization 77.8% vs 78.0% expected
• Manufacturing output +0.3% vs +0.3% expected

This is a setback and comes despite a another strong month for auto manufacturing. That runs against the downbeat commentary from automakers.

This article was written by Adam Button at www.forexlive.com.