The Federal Reserve announced that total industrial production in the U.S. advanced 0.9% in March and rose at an annual rate of 8.1% for the first quarter.
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Manufacturing output gained 0.9% in March; the output of motor vehicles and parts jumped 7.8%, while factory output elsewhere moved up 0.4%. At 104.6% of its 2017 average, total industrial production in March was up 5.5% compared to its year-earlier level.
Capacity utilization climbed to 78.3% in March, 1.2 percentage points below its long-run average from 1972 to 2021.
Jonathan Bein, Ph.D. is Managing Partner at Distribution Strategy Group. He’s
developed customer-facing analytics approaches for customer segmentation,
customer lifecycle management, positioning and messaging, pricing and channel strategy for distributors that want to align their sales and marketing resources with how their customers want to shop and buy. If you’re ready to drive real ROI, reach out to Jonathan today at
jbein@distributionstrategy.com.