Posted April 17, 2018

Industrial production up slightly in March

Industrial production rose 0.5 percent in March after increasing 1.0 percent in February.

Manufacturing output edged up 0.1 percent in March and increased 3.1 percent at an annual rate in the first quarter. In March, a decline of 0.3 percent for nondurables was outweighed by gains of 0.4 percent for durables and 0.2 percent for other manufacturing (publishing and logging). Among durables, the index for motor vehicles and parts increased 2.7 percent; vehicle assemblies moved up to 12.0 million units at an annual rate, their highest level since December 2016.

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