Industrial production up 0.7 percent in April
Industrial production increased 0.7 percent in April after decreasing in the previous two months.
Manufacturing output rose 0.3 percent after declining the same amount in March. The index for utilities jumped 5.8 percent in April, as the demand for electricity and natural gas returned to a more normal level after being suppressed by warmer-than-usual weather in March. Mining production fell 2.3 percent in April, and it has decreased more than 1 1/2 percent per month, on average, over the past eight months. At 104.1 percent of its 2012 average, total industrial production in April was 1.1 percent below its year-earlier level.
Manufacturing output increased 0.3 percent in April. The production of durables rose 0.6 percent; the largest gains were recorded by machinery and by motor vehicles and parts, with increases of about 2 1/2 percent and 1 1/4 percent, respectively. Only a few durable goods industries posted declines, with the largest, about 1 1/4 percent, for primary metals. The output of nondurable manufacturing was unchanged in April, as gains in the indexes for food, beverage, and tobacco products and for plastics and rubber products offset declines for nearly all of the other industries. The output of other manufacturing (publishing and logging) declined 0.4 percent.