Industrial production in the U.S. increased 1 percent in April after increasing 0.4 percent in March, according to the Federal Reserve.
In April, manufacturing output rose 1 percent as a result of widespread increases among its major industries. The indexes for mining and utilities posted gains of 1.2 percent and 0.7 percent, respectively.
At 105.1 percent of its 2012 average, total industrial production in April was 2.2 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.6 percentage point in April to 76.7 percent, a rate that is 3.2 percentage points below its long-run average.
