US Capacity Utilization (Apr) 76.1% vs. Exp. 75.9% (Prev. 75.7%, Low. 75.3%, High. 76.2%)

The April Capacity Utilization came in at 76.1%, beating expectations of 75.9% and also reflecting an improvement from the previous month’s 75.7%. This stronger than expected utilization suggests increased output and demand in the economy, potentially reinforcing a more hawkish stance on monetary policy as it implies a tighter economic environment.