Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Industrial Production Up 0.4% for March

Industrial production increased by a seasonally adjusted 0.4% for March, according to a Federal Reserve report (link opens in PDF) released today.

After jumping 0.7% in February , market analysts had expected a mild March increase of 0.2%. These latest numbers provide a pleasant surprise, but much of the gain came from utilities output, according to The Wall Street Journal, which was up 5.3% as unusually cold weather drove up demand for heat..

Source: Federal Reserve. 

After rising 0.9% for February, manufacturing fell 0.1% in March. Analysts had predicted a 0.1% rise. Durable goods felt a widespread 0.2% drop, although motor vehicles & parts and machinery bumped up 2.9% and 0.3%, respectively. Nondurable goods production increased 1.2% including consumer energy products, but was unchanged without.

In a positive sign for industrial efficiency, the capacity utilization rate improved 0.2 percentage points to 78.5% for March, beating analyst expectations of a 78.3% rate.

Looking back over the last year, March's industrial production clocked in 3.5% above its 2012 rate, while capacity utilization improved 1.2 percentage points.


Read/Post Comments (0) | Recommend This Article (1)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2366388, ~/Articles/ArticleHandler.aspx, 9/26/2016 12:07:12 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes