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Feb industrial production below expected,...>

US DATA
US DATA: Feb industrial production below expected, +0.1% and +0.2% ex. 
vehicles, while capacity utilization 78.2%, below expectations. 
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- Feb industrial production below +0.4% exp by Bloomberg and MNI due to 
-0.4% in manufacturing.
- Ex. vehicles, IP would have been +0.2%, reversing two months of soft 
readings. 
- Jan IP rev up to -0.4% from -0.6% and Dec unrev from +0.1%. 
- Manufacturing IP -0.4% and was still -0.4% ex. mtr veh. Utilities 
+3.7% and mining +0.3%.
- Within utilities, electric +4.1% and gas +1.5% due to cold 
temperatures in Feb, raising the y/y rate to +20.1% after a sharp plunge 
in Dec.
- Capacity utilization -0.1pp to 78.2% vs 78.5% exp by Bloomberg and 
MNI. 

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