Keeping you up to date on the latest data releases.
- Industrial Production
Industrial production rose 0.8 percent in March, following an upwardly revised 0.1 percent gain in February. Over the last 12 months, industrial production is up 5.9 percent, though its near-term (3-month annualized) growth rate is sitting slightly below that at 4.1 percent. Manufacturing production increased 0.7 percent in March and is up 6.7 percent over the past year. Output gains across manufacturing sectors were broad based, as durables production rose 1.0 percent (its seventh straight increase) and nondurable output increased 0.5 percent. Outside manufacturing, mining output rose 0.6 percent in March and utilities production jumped up 1.7 percent after two relatively large monthly declines. Overall, capacity utilization increased 0.5 percentage point to 77.4 percent.