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April Industrial Production up at...>

US DATA PREVIEW
US DATA PREVIEW: April Industrial Production up at 0915ET... Judging from lack
of reaction to the shocking retail sales number, this is almost certainly not
going to be a market mover. Again, huge range of estimates: -25.1% (Nomura) to
-1.0% (JPM). Median -12.0%. Prior -5.4%.
- Capacity utilization seen 63.8% vs 72.7% prior (previous all-time low was
66.7% in June 2009.

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