July US industrial production +1.0% vs +0.3% expected

<ul><li>Prior was -0.5% (revised to -0.8%)</li><li>Capacity utilization +79.3% vs 79.1% expected</li><li>Manufacturing output +0.5% vs 0.0% expected</li><li>Prior manufacturing output -0.3% (revised to -0.5%)</li></ul><p>US manufacturing is in a recession but there have been some green shoots pointing towards a revival. I think this 1.0% is premature for calling a turn, especially with the negative revision but I anticipate some better progress in Q4.</p>

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