Industrial production increased by 0.5% in April after two consecutive months of no change, according to the Federal Reserve. Manufacturing output increased by 1%, and the index for mining rose by 0.6%. The index for utilities dropped by 3.1% in April.
Don’t miss any content from Distribution Strategy Group. Join our list.
Total industrial production for April was at 103% of its 2017 average, up 0.2% from the prior-year period.
The capacity utilization rate was unchanged in April at 78%.
Share this article:
