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Mar industrial production below-expected,...>

US DATA
US DATA: Mar industrial production below-expected, -0.1% and flat ex. 
vehicles, while capacity utilization 78.8%, below expectations. 
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- Mar industrial production below +0.2% exp by Bloomberg and MNI due to 
-2.5% in motor vehicles, -0.8% in mining.
- Ex. vehicles, IP would have been flat. 
- Feb IP rev up to +0.1% from flat reading and Jan rev down from -0.1% 
to -0.3%. 
- Manufacturing IP was flat and was +0.2% ex. mtr veh. Utilities +0.2%, 
down from +3.7% in Feb due to improving weather conditions. Mining 
-0.8%, continuing a pattern of weak readings starting in Jan. 
- Within utilities, electric -0.5% and gas +3.8%.
- Capacity utilization -0.2pp to 78.8% vs 79.2% exp by MNI. 

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