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Friday, September 15, 2017

August industrial production -0.9% vs +0.1% expected

August industrial and manufacturing data - Prior was +0.2% (revised to +0.4%) - Estimates ranged from -1.3% to +0.6% - Capacity utilization 76.1% vs 76.7% expected A note from the Fed in the report says Hurricane Harvey reduced output by 0.75 percentage points, noting that it hit refining, chemicals and plastics.
August industrial production -0.9% vs +0.1% expected

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