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MNI: U.S. April industrial production came in at.....>

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MNI: U.S. April industrial production came in at -11.2, above the -12.0%
expected. This is the largest monthly drop in the 101-year history of the index.
* Capacity utilization came in at 64.9%, above the 63.8% expected. Cap U is
14.9pps below its long-run (1972-2019) average and 1.8pps below its all-time
(since 1967) low set in 2009.
* Manufacturing output fell 10.3%. 
* Output of motor vehicles and parts fell more than 70%.
* March IP was revised up to -4.5% from -5.4%. March capacity utilization was
revised down to 73.2%, from 72.7%. 

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