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June Industrial Production Below-Expected...>

US DATA
US DATA: June Industrial Production Below-Expected Flat, Cap-U 77.9%
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- June industrial production was expected to rise 0.1% BBG, MNI 
- As MNI suggested in Monday's preview, utilities production -3.6% on 
cooler than normal June temperatures
- June IP ex. mtr veh -0.2% after +0.3%; total mtr veh +2.9%.
- Manufacturing production +0.4%, but only +0.2% ex mtr veh. Mining +0.2%
- June capacity utilization -0.2pp to 77.9% vs 78.1% BBG, MNI.
- May IP rev unrevised at +0.4%, April IP rev down to -0.5% (prev -0.4%)

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