Industrial Production Jumps 0.8% in April
.S. industrial production rose 0.8% in April, the Federal Reserve said Tuesday.
The production increase at factories, mines and utilities followed a followed a 0.6% gain in February, the Fed said.
The increase topped economists’ forecasts of a 0.5% increase, Bloomberg reported.
The share of industrial capacity in use rose to 81.9%, the highest since July 2000, from 81.4% in March.
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