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May Industrial Production Above-Expected....>

US DATA
US DATA: May Industrial Production Above-Expected +0.4%, Cap-U 78.1%
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- May industrial production was expected to rise 0.2% by BBG & MNI 
- May IP led by a 2.1% surge in utilities on both electric, nat gas. 
- Manufacturing production +0.2%, mining production +0.1%.
- April IP rev up to -0.4% from prev -0.5%, March IP rev down to +0.1% 
- May IP ex. mtr veh +0.2% after -0.4%; total mtr veh +2.4%.
- May capacity utilization +0.2pp to 78.1% vs 78.0% expected.

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