- U.S. industrial production rose in April, according to data released on Wednesday.
The Federal Reserve reported that industrial output advanced 0.7% last month after gaining 0.5% in March.
Economists had forecast industrial production rising 0.5%.
Meanwhile, manufacturing production increased 0.5% in April, compared to the 0.1% increase in the previous month.
The reading was in line with consensus.
The report also showed that the capacity utilization rate, a measure of how fully firms are using their resources, increased to 78% in April.
Economists had forecast it to rise to 78.4%.
March’s reading was revised down to 77.6% from the initial 78.0%.]]>