Industrial production was little changed in April, according to the Federal Reserve.
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Manufacturing output decreased 0.3%; excluding motor vehicles and parts, manufacturing output edged down 0.1%.
The index for mining fell 0.6%, and the index for utilities rose 2.8%.
At 102.8% of its 2017 average, total industrial production in April was 0.4 percentage point lower than its year-earlier level. Capacity utilization moved down to 78.4% in April, a rate that is 1.2 percentage points below its long-run (1972–2023) average.
