12162017Sat
Last updateFri, 15 Dec 2017 3pm

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Manufacturing & The Economy

U.S. Manufacturing Output Posts Biggest Gain in Three Years

Industrial production advanced 1.0% in April for its third consecutive monthly increase and its largest gain since February 2014. Manufacturing output rose 1.0% as a result of widespread increases among its major industries. The indexes for mining and utilities posted gains of 1.2% and 0.7%, respectively. At 105.1% of its 2012 average, total industrial production in April was 2.2% above its year-earlier level. Capacity utilization for the industrial sector increased 0.6% in April to 76.7%, a rate that is 3.2% below its long-run (1972–2016) average. 

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