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Industrial Production Down 0.6% in April

Industrial production decreased 0.6 percent in April after having advanced 1 percent in February and March according to the Federal Reserve.

In March, the output of utilities dropped 5.3 percent and the output of mines gained 1.4 percent following a gain of 2.0 percent in March.

At 102.7 percent of its 2007 average, total industrial production in April was 3.5 percent above its level of a year earlier. Capacity utilization for total industry decreased in April to 78.6 percent, a rate that is 1.5 percentage points below its long-run (1972–2013) average but 2.3 percentage points higher than a year prior.

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