US January industrial production 0.0% vs +0.5% expected | Forexlive

• Prior was -0.7% (revised to -1.0%)
• Manufacturing output +1.0% vs +0.8% expected
• Capacity utilization 78.3% vs 79.0% expected

This will be a drag on GDP but it’s far overshadowed by today’s hot retail sales report. Some are pointing to a drop for utilities, which makes sense given the warm weather.