14:15 Dados States
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14:15 Dados States
9:15 AM ET, May 16, 2007 - 1 minute ago
U.S. March industrial output down rev 0.3% vs 0.2% prev est
U.S. April capacity utilization up to 81.6% vs 81.2% March
U.S. April industrial production up 0.7% vs 0.4% estimate
ECONOMIC REPORT: Industrial output rebounds in April, gains broad-based; Automotive production up sharply
By Greg Robb, MarketWatch Last Update: 9:15 AM ET May 16, 2007
WASHINGTON (MarketWatch) - The output of the nation's factories, mines and utilities rebounded in April, with gains across all major categories, the Federal Reserve said Wednesday.
Industrial production rose 0.7% in April. Production has been on a see-saw pattern for the past six months, partly due to weather factors. Utility output rose 3.5% in April due to a cold spell. This followed a sharp 7.5% drop in March, as temperatures were relatively warm.
Capacity utilization - a key measure of inflationary pressures - rose to 81.6%.
Economists were looking for a gain in output of about 0.4% in April, according to a survey conducted by MarketWatch. The increase in capacity utilization was in line with expectations.
Output in March was revised down to a 0.3% decline from the previously reported 0.2% decline. Capacity in March was revised from 81.4% to 81.2%.
Manufacturing output rose 0.5% in April, while the output of mines fell 0.3%.
All major market groups recorded increases in April.
Production of consumer goods rebounded 0.9% in April after falling 0.8% in the previous month. Production of business equipment increased 0.9%. Production of non-industrial supplies rose 0.6%.
Industrial production is up 1.9% in the past year. Industrial capacity has grown 2.3% in the past year.
In April, motor vehicle output rose 3.3%. Industrial production excluding motor vehicles rose 0.6% in April.
Production of high-tech industries increased 2.6% after a 1.8% rise in March. Excluding high-tech, industrial production rose 0.6% in April.
The manufacturing growth rate could be strengthening in coming months. A leading indicator of conditions, the New York Federal Reserve Bank's Empire State index rose slightly to 8.0 in May.
U.S. March industrial output down rev 0.3% vs 0.2% prev est
U.S. April capacity utilization up to 81.6% vs 81.2% March
U.S. April industrial production up 0.7% vs 0.4% estimate
ECONOMIC REPORT: Industrial output rebounds in April, gains broad-based; Automotive production up sharply
By Greg Robb, MarketWatch Last Update: 9:15 AM ET May 16, 2007
WASHINGTON (MarketWatch) - The output of the nation's factories, mines and utilities rebounded in April, with gains across all major categories, the Federal Reserve said Wednesday.
Industrial production rose 0.7% in April. Production has been on a see-saw pattern for the past six months, partly due to weather factors. Utility output rose 3.5% in April due to a cold spell. This followed a sharp 7.5% drop in March, as temperatures were relatively warm.
Capacity utilization - a key measure of inflationary pressures - rose to 81.6%.
Economists were looking for a gain in output of about 0.4% in April, according to a survey conducted by MarketWatch. The increase in capacity utilization was in line with expectations.
Output in March was revised down to a 0.3% decline from the previously reported 0.2% decline. Capacity in March was revised from 81.4% to 81.2%.
Manufacturing output rose 0.5% in April, while the output of mines fell 0.3%.
All major market groups recorded increases in April.
Production of consumer goods rebounded 0.9% in April after falling 0.8% in the previous month. Production of business equipment increased 0.9%. Production of non-industrial supplies rose 0.6%.
Industrial production is up 1.9% in the past year. Industrial capacity has grown 2.3% in the past year.
In April, motor vehicle output rose 3.3%. Industrial production excluding motor vehicles rose 0.6% in April.
Production of high-tech industries increased 2.6% after a 1.8% rise in March. Excluding high-tech, industrial production rose 0.6% in April.
The manufacturing growth rate could be strengthening in coming months. A leading indicator of conditions, the New York Federal Reserve Bank's Empire State index rose slightly to 8.0 in May.
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