Market Updates
Industrial Production Advanced 0.4% In March
Brian Turner
14 Apr, 2023
New York City
Industrial production increased 0.4% from the previous month in March and rose 0.2% from a year ago, the Federal Reserve reported Friday.
The industrial production index increased 0.5% from a year ago.
The index for utilities increased 8.4% in March boosted by heating demand after the return to a more seasonal weather following a mild February.
Manufacturing and mining output fell 0.5% and capacity utilization increased to 79.8%, a rate 0.1 percentage point above the long run fifty year average.
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