Industrial Production Rose 1.1% in April
Washington, DC, May 17, 2022-In April, total industrial production increased 1.1%-the fourth consecutive month of gains of 0.8% or greater-and manufacturing output rose 0.8%, according to the Federal Reserve.
The index for utilities moved up 2.4%, and the index for mining advanced 1.6%. At 105.6% of its 2017 average, total industrial production in April was 6.4% above its year-earlier level. Capacity utilization climbed to 79.0%, a rate that is 0.5 percentage point below its long-run (1972–2021) average.