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US industrial production down 0.5% in April … TELETRADER May 15, 2019 at 02:40PM

US industrial production down 0.5% in April … TELETRADER

 

US industrial production down 0.5% in April

Industrial production in the United States fell by a seasonally adjusted 0.5% in April compared to the previous month, according to data released by the Federal Reserve on Wednesday.

Output is currently reported to have declined 1.9% at an annual rate in the first quarter.

The drop in industrial production was led by a big decline in auto output.

Meanwhile, manufacturing production ticked down 0.5% after being unchanged in the previous month.

On an annual basis, total industrial production was 0.9% higher last month.

In the meantime, capacity utilization for the industrial sector saw a decline of 0.6% to 77.9%.

 

 

Read More: US industrial production down 0.5% in April … TELETRADER

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