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?
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Here's a link to a calendar of releases of economic reports:
https://www.marketwatch.com/tools/calendars/economic
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