Industrial Production & Capacity Utilization

Mich Sentiment 86.7 unchanged. Capacity Utilization 81.2% vs prior 80.8, Industrial Production +0.7% vs prior -0.3% , output of utilities jumping +7.9% in Feb from -11.5% in Jan.

Inside the number: Utilities, final products, consumer goods, non industrial supplies & industrial materials all up big.

Business equipment, consumer electronics, mining, manufacturing and construction all down.

The market ignored the reports.

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