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.
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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%.
