Posted April 15, 2021

Industrial production increased in March

Total industrial production increased 1.4 percent in March, following a drop of 2.6 percent in February.

The February decline largely resulted from widespread outages related to severe winter weather in the south central region of the country. For the first quarter as a whole, total industrial production rose 2.5 percent at an annual rate. In March, manufacturing production and mining output increased 2.7 percent and 5.7 percent, respectively. The output of utilities dropped 11.4 percent, as the demand for heating fell because of a swing in temperatures from an unseasonably cold February to an unseasonably warm March.

For the first quarter, factory output advanced 1.9 percent at an annual rate. In March, the indexes for durable and nondurable manufacturing increased 3.0 percent and 2.6 percent, respectively, while the index for other manufacturing (publishing and logging) was unchanged.

Click here for details.