Industrial production rose 1.1% in April, the Federal Reserve reported Tuesday. Economists were forecasting a 0.5% gain.
The numbers: U.S. industrial production rose 1.1% in April, the Federal Reserve reported Tuesday. This is the fourth straight monthly gain of 0.8% or greater.
Capacity utilization rose to 79% in April from 78.2% in the... The numbers: U.S. industrial production rose 1.1% in April, the Federal Reserve reported Tuesday. This is the fourth straight monthly gain of 0.8% or greater. Capacity utilization rose to 79% in April from 78.2% in the prior month. The capacity utilization rate reflects the limits to operating the nation’s factories, mines and utilities.Key details: Manufacturing rose 0.8% in April, matching the gain in the prior month. Increases were widespread across sectors.
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