Industrial Production Improves, Led by Factory Output

[Stay on top of transportation news: .]

Industrial production rose 0.1% in March, following a 0.2% gain in February, the Federal Reserve said Thursday.

Factory output climbed 0.9%, while warmer weather that limited utility production, which fell 6.4% in the biggest decline in more than four years.

The industrial production increase was short of economists’ forecasts of a 0.7% increase, Bloomberg reported.

The share of industrial capacity in use rose to73.2% from 73% in February.



Manufacturing accounts for about an eighth of the U.S. economy and the factory sector is one of trucking’s largest and most important customers.

Ìý

Trending

Newsletter Signup

Subscribe to Transport Topics

 

Hot Topics