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Figure Heloc 
Industrial production prior month -0.5% revised to -0.3% Capacity utilization prior month 75.7 Manufacturing production last month -0.1% revised to +0.1%For April:Industrial production 0.7% versus 0.3% expected. Year on Year industrial production is up 1.4%Capacity utilization 76.1% versus 75.8% estimate. The index a year ago was at 76.1% as well.Manufacturing output 0.6% versus 0.2% estimate. Year on Year the manufacturing output is up 1.3%, led by utilities which are up 2.7% Not surprising, utilities are helping with demand for AI increasing.The major market groups for industrial production:Final Products
MoM: +1.1% vs -0.6% last month. HigherYoY: +1.4%
Consumer Goods
MoM: +0.9% versus -0.8% last month. HigherYoY: -0.2%
Business Equipment
MoM: +1.5% versus -0.1% last month. HigherYoY: +6.0%
Nonindustrial Supplies
MoM: +0.2% versus +0.5% last month. Lower
YoY: +1.5%
Construction
MoM: 0.0% versus +0.9% last month. Lower
YoY: +1.2%
Materials
MoM: +0.5% versus -0.4% last month. HigherYoY: +1.2%Capacity utilization for manufacturingCapacity utilization for manufacturing moved up 0.4 percentage point to 75.8 percent in April and is now
2.4 percentage points below its long-run (1972–2025) average. The operating rate for mining edged down
0.1 percentage point to 84.6 percent, and the operating rate for utilities increased 1.1 percentage points to
71.1 percent. The utilization rates for mining and for utilities were 0.6 percentage point and 12.9 percentage
points below their long-run averages, respectively.
This article was written by Greg Michalowski at investinglive.com.
💡 DMK Insight
Industrial production is showing signs of recovery, but the mixed signals could confuse traders. The revision of prior month figures indicates a slight improvement in manufacturing, with April’s production up 0.7% against expectations of 0.3%. However, the year-on-year growth of 1.4% and capacity utilization at 76.1% suggest that while there’s growth, it’s not as robust as some might hope. Traders should be cautious; the manufacturing sector’s slight uptick could be overshadowed by broader economic concerns, especially if consumer demand doesn’t pick up. This could impact related sectors like commodities and equities, particularly those tied to manufacturing outputs. Watch for how these figures play out in upcoming earnings reports and economic forecasts, as they could influence market sentiment. Keep an eye on the 76.1% capacity utilization level; a sustained increase above this could signal stronger manufacturing momentum. Conversely, if we see a drop back below 75.7%, it could indicate underlying weakness. The next few weeks will be critical for gauging whether this uptick is a trend or just a blip in the data.
📮 Takeaway
Monitor capacity utilization levels closely; a sustained rise above 76.1% could signal stronger manufacturing momentum, while a drop below 75.7% may indicate weakness.
