Industrial production jumps despite tumbling auto output

pulse

April 18, 2017 1:55 PM

Industrial production is expected to have increased by 0.4% for the month of March.

Industrial production, the Federal Reserve's measure of US goods output, was right in line with expectations for the month of March.

Production increased by 0.5%, the exact increase expected by economists. This was an improvement from last month's flat reading.

Surprisingly, output for manufacturing firms fell 0.4%, much worse than the 0.1% gain expected, due to a steep decrease in auto manufacturing.

Additionally, capacity utilization —

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