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15 May 2015
US Industrial production declines for fifth consecutive month in April
FXStreet (Mumbai) - The data released by the Federal Reserve on Friday showed the US industrial production in April fell for the fifth straight month.
Output adjusted for season variations contracted 0.3% in April, beating the forecast of a 0.1% rise. The previous month’s figure stands unrevised at -0.6%. Manufacturing output was flat, with manufacturing ex-Auto falling 0.1%. Mining and utility output also declined last month. Capacity utilization dipped to 78.2% from 78.6% in March, indicating low cost pressure on goods prices.
Output adjusted for season variations contracted 0.3% in April, beating the forecast of a 0.1% rise. The previous month’s figure stands unrevised at -0.6%. Manufacturing output was flat, with manufacturing ex-Auto falling 0.1%. Mining and utility output also declined last month. Capacity utilization dipped to 78.2% from 78.6% in March, indicating low cost pressure on goods prices.