US: Industrial production expected to decline - TDS

Research Team at TDS, suggests that the US Industrial production is expected to decline in March and the TD is looking for –0.5% (mkt –0.1%) and a deterioration in capacity utilization to 75.1% (mkt 75.3%) from a downwardly revised 75.4%.

Key Quotes

“Preliminary consumer confidence for April from the University of Michigan should rebound from 91.0 to 93.2 following three consecutive declines, though the market is a touch more bearish at 92.0. Long-term inflation expectations are likely to be closely monitored for potential Fed implications.”