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Wed May 15, 2019, 09:49 AM

Industrial production slumps 0.5% in April

Source: MarketWatch

Industrial production slumps 0.5% in April

Published: May 15, 2019 9:19 a.m. ET

By STEVE GOLDSTEIN
D.C. BUREAU CHIEF

The numbers: Industrial production in April slumped 0.5%, the Federal Reserve announced Wednesday in a downbeat report that included downward revisions.

Capacity utilization fell sharply to 77.9% from an upwardly revised 78.8%.

Economists polled by MarketWatch expected a 0.1% drop for production and a decline in utilization fell to 78.6%.

What happened: Most major market groups reported worse production in April, the Fed said. There were drops in automotive, chemical products and consumer energy products.

The output of utilities fell 3.5% in April, as demand for heating decreased because of temperatures that were warmer than normal.

Read more: https://www.marketwatch.com/story/industrial-production-slumps-05-in-april-2019-05-15



The Federal Reserve: what would they know?

-- -- -- --

Here's a link to a calendar of releases of economic reports:

https://www.marketwatch.com/tools/calendars/economic

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Reply Industrial production slumps 0.5% in April (Original post)
mahatmakanejeeves May 15 OP
NewJeffCT May 15 #1
wolfie001 May 15 #2

Response to mahatmakanejeeves (Original post)

Wed May 15, 2019, 10:04 AM

1. automotive slumping

because of tariffs

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Response to mahatmakanejeeves (Original post)

Wed May 15, 2019, 11:41 AM

2. Donald Dump will point to the growth of .........

......Uber Eats and Lyft. Stupid knob.

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