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Wing Insurance

US DATA
US DATA: April Industrial Production
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- April IP -0.5% vs flat exp by BBG & MNI
- April capacity utilization -0.6pp to 77.9% vs 78.7% expected.
- March IP rev up to +0.2% from prev -0.1%, Feb rev down to -0.5% 
- April IP led by a -3.5% in utilities on warmer-than-normal temperatures. 
- Manufacturing production -0.5%, mining production +1.6%.
- April IP ex. mtr veh -0.4% after +0.2%; total mtr veh -2.6%.