Industrial production rose 0.9% in March, the Federal Reserve reported Friday.
The gain was well above Wall Street expectations of a 0.4% gain, according to a survey by The Wall Street Journal.For... The numbers: Industrial production jumped 0.9% in March, the Federal Reserve reported Friday.
Capacity utilization rose to 78.3% in March from 77.7% in the prior month. The capacity utilization rate reflects the limits to operating the nation’s factories, mines and utilities. Economists had forecast a 77.8% rate.The manufacturing sector as a whole rose 0.9% in March. For the first quarter, factory activity was up 5.4%.
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