U.S. Industrial Production Fell 0.3% in April; Led by Flat Manufacturing, Drop in Mining
(Updated - May 15, 2015 9:28 AM EDT)
April MoM Industrial Production -0.3% vs Flat Expected
UPDATE - More from the Federal Reserve:
Industrial production decreased 0.3 percent in April for its fifth consecutive monthly loss. Manufacturing output was unchanged in April after recording an upwardly revised gain of 0.3 percent in March. In April, the index for mining moved down 0.8 percent, its fourth consecutive monthly decrease; a sharp fall in oil and gas well drilling has more than accounted for the overall decline in mining this year. The output of utilities fell 1.3 percent in April. At 105.2 percent of its 2007 average, total industrial production in April was 1.9 percent above its year-earlier level. Capacity utilization for the industrial sector decreased 0.4 percentage point in April to 78.2 percent, a rate that is 1.9 percentage points below its long-run (1972–2014) average.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Crude Inventory Rose 2.7 Million Barrels Last Week, Says EIA
- Initial Jobless Claims 212K vs 215K Expected
- Natural Gas ETFs Quickly Spike to Highs
Create E-mail Alert Related Categories
ETFs, Economic DataRelated Entities
Industrial ProductionSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!