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RTRS Sources Flag U.S. Push For Biden Xi Meeting

JGB TECHS

(Z1) Edging Lower

AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

By Holly Stokes and Sara Haire
     WASHINGTON (MNI) - The following are the key points from the 
Industrial Production and Capacity Utilization data for November 
released by the Federal Reserve Friday: 
     - Industrial production was up 0.2%, vs +0.3% expected, from a 
revised up +1.2% in Oct, this follows the last two November trends of 
overestimates. The Fed noted that excluding the post-hurricane rebound 
in oil and gas extraction, total IP would have been unchanged in Nov.
     - Mining was up 2.0%, and the Fed noted that the primary 
contributor to this jump was the 3.0% gain in oil and gas extraction. 
     - Utilities fell 1.9%, the fall should not surprise given the 
milder than normal November weather, and that this follows October's 
hurricane rebound. 
     - Manufacturing came in at a soft +0.2%, despite analyst 
expectations for a healthy boost given the November payrolls report, 
which showed factory payrolls rising by 31k and unchanged factory 
workweek. 
     - Capacity utilization rose to 77.1%, just below the 77.2% 
expected. Manufacturing capacity utilization rose to 76.4%, the highest 
reading since May 2008. 
     ** MNI Washington Bureau: 202-371-2121 ** 
 
[TOPICS: MAUDS$,M$U$$$,MAUDR$]