QandO

May 14, 2004

Industrial production
Posted by Jon Henke

The Struggling Manufacturing Industry...

Output from U.S. mines, utilities and manufacturers rose in April, the government reported Friday, coming in above economists' estimates as the amount of resources companies used hit the highest level in almost three years.

Industrial production gained 0.8 percent last month, the Federal Reserve reported, after falling a revised 0.1 percent in March.

The Fed also said factories, mines and utilities ran at 76.9 percent of capacity in the month, compared with an unrevised 76.5 percent in March. The April reading is the highest level since July 2001.

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