**MNI 5 THINGS: US August IP Up 0.4% As Expected>

--5 Things We Learned From August Industrial Production Data

By Shikha Dave and Harrison Clarke

     WASHINGTON (MNI) - The following are the key points from the 

Industrial Production and Capacity Utilization data for July released by 

the Federal Reserve Friday: 

     - Industrial production increased by 0.4% in August as expected, 

after upward revisions to July and downward revisions to June. Outside 

of the rise in motor vehicle production, industrial production would 

have been up 0.2%. 

     - Manufacturing production rose 0.2% in the month on a 4.0% 

increase in motor vehicles and parts production, but was flat outside of 

motor vehicles and parts.  

     - Utilities production rose 1.2%, with the mix showing a 1.4% 

increase in electricity production and a 0.2% decrease in natural gas 

production. 

     - Mining production posted an increase of 0.7% in August, following 

an upward revision to the July number from -0.3% to +0.7.  

     - Capacity utilization came in at 78.1%, lower the 78.3% 

expected. This followed a downward revision to 77.9% from 78.1% in 

July. Manufacturing capacity utilization rose by 0.1pp to 75.8%. 

     ** MNI Washington Bureau: 202-371-2121 ** 

[TOPICS: MAUDS$,M$U$$$,MAUDR$]