Notizie economiche
16.04.2024

U.S. industrial production rises in line with expectations in March

The data released by the Federal Reserve on Tuesday revealed that the U.S. industrial production increased 0.4 per cent m-o-m in March, following an upwardly revised 0.4 per cent m-o-m advance (from +0.1 per cent m-o-m) in February. 

Economists had expected industrial production would rise 0.4 per cent m-o-m in March.

According to the report, the March gain in total industrial production reflected increases in manufacturing production (+0.5 per cent m-o-m) and output of utilities (+2.0 per cent m-o-m) that were partly offset by a drop in mining output (-1.4 per cent m-o-m).

Meanwhile, capacity utilization for the industrial sector increased 0.2 percentage point m-o-m to 78.4 per cent in March from a downwardly revised 78.2 per cent (from 78.3 per cent) in February. That was 0.1 percentage point below economists’ forecast of 78.5 per cent and 1.2 percentage points below its long-run (1972-2023) average.

In y-o-y terms, the industrial output was unchanged in March, following a downwardly revised 0.3 per cent drop (from -0.2 per cent) in the previous month.

For the first quarter as a whole, the U.S. total industrial production fell by 1.8 per cent y-o-y.

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