Feb industrial production came in strong at.>

US DATA: Feb industrial production came in strong at +1.1%, well above 

+0.4% expected, but Jan IP rev down to -0.3% from -0.1%, as Dec IP rev up

to +0.5%.  

-IP saw categories generally up, with mining +4.3%, materials +1.6%, 

manufacturing +1.2%, and business equipment +1.0%, but utilities -4.7%. 

-IP ex motor veh +0.9% and mfg excl. motor veh & parts +1.0%. Motor 

veh & parts +3.9%. 

-Durables mfg +1.8% with categories generally up, apart from a small 

decline in electrical equipment. 

-Nondurable mfg was +0.7%, with all categories up except for petroleum 

and coal products. 

-Capacity utilization was up to 78.1% vs 77.8% expected. Jan capacity 

util rev down slightly to 77.4%. Mfg cap util up to 76.9%.