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Industrial production decreased 0.5 percent in April after having increased 0.3 percent in March and 0.9 percent in February, according to the Federal Reserve. Manufacturing output moved down 0.4 percent in April after a decline of 0.3 percent in March.
The index for utilities decreased 3.7 percent in April, as heating demand fell back to a more typical seasonal level after having been elevated in March because of unusually cold weather. The output of mines increased 0.9 percent in April.
At 98.7 percent of its 2007 average, total industrial production was 1.9 percent above its year-earlier level. The rate of capacity utilization for total industry decreased 0.5 percentage point to 77.8 percent, a rate 0.1 percentage point above its level of a year earlier but 2.4 percentage points below its long-run (1972-2012) average.
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