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US: Industrial production declined by 0.1% in March vs +0.1% expected

"Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February; for the first quarter as a whole, the index slipped 0.3 percent at an annual rate," the Fed said in its latest Industrial Production and Capacity Utilization report.

Key takeaways from the press release

  • Manufacturing production was unchanged in March after declining in both January and February.
  • Capacity utilization for the industrial sector decreased 0.2 percentage point in March to 78.8 percent, a rate that is 1.0 percentage point below its long-run (1972–2018) average.

United States Industrial Production (MoM) below forecasts (0.2%) in March: Actual (-0.1%)

United States Industrial Production (MoM) below forecasts (0.2%) in March: Actual (-0.1%)
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Canada: Manufacturing sales edged lower in February - RBC

Nathan Janzen, senior economist at the Royal Bank of Canada, notes that the Canada’s headline nominal sales slipped 0.2% lower after a 0.8% January in
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