The US Federal Reserve said yesterday the country’s industrial production fell 0.5% in April, and the rates of change for previous months were revised down on net.
The central bank said first quarter output declined at an annual rate of 1.9%.
Manufacturing production was unchanged in March but fell 0.5% in April. The mining index rose 1.6% in April, utilities fell 3.5%.
The bank said total industrial production was at 109.2% of its 2012 average, and 0.9% higher in April than a year earlier. Capacity utilisation for the industrial sector decreased 0.6 of a percentage point in April to 77.9%, 1.9 points below its long-run (1972–2018) average.
Link: US Federal Reserve, 16 May 2019: Industrial production & capacity utilisation
Attribution: Bank release.