Mar industrial production came in at +0.5%,.>

US DATA: Mar industrial production came in at +0.5%, slightly above 

+0.4% exp, Feb IP rev up to +1.0% from +0.9%, as Jan IP unrev at -0.2%.  

-IP saw all big categories up, with mining +1.0%, utilities +3.0%, 

materials +0.6%, manufacturing +0.1%, and business equipment +0.5%. 

-IP ex motor veh +0.4% and mfg excl. motor veh & parts -0.1%. Motor veh 

& parts +2.7%.  

-Durables mfg +0.4% with categories generally up, apart from small 

declines in fabricated metal products, machinery, electrical equipment, 

and misc.

-Nondurable mfg was -0.3%, with categories mixed, with declines 

offsetting the gains in paper, petro and coal, and chemicals.

-Capacity utilization was 0.3pp up to 78.0% vs 77.9% exp. Feb capacity 

util unrev at 77.7%. Mfg cap util slightly down to 75.9%.