Keeping you up to date on the latest data releases.
- Industrial Production
Industrial production rose 0.7 percent in March and February’s increase was revised up to 1.2 percent. For the first quarter of 2014, industrial production rose at an annual rate of 4.4 percent. Manufacturing output rose 0.5 percent. Breaking down the manufacturing sector, both durable and nondurable goods output rose 0.4 percent and 0.7 percent, respectively. Within the durable goods sector, wood products and nonmetallic mineral products recorded the largest gains of about 2.5 percent. The largest declines were for primary metals and motor vehicles and parts. Motor vehicles and parts production decreased 0.8 percent. Within the nondurable goods sector, apparel and leather goods, petroleum and coal products, and textile and product mills recorded increases of 2.5 percent or more. Mining production increased 1.5 percent and utility production increased 1 percent. The overall capacity utilization rate rose to 79.2 percent.