U.S. April industrial production down 0.2% By Greg Robb
WASHINGTON (MarketWatch) - U.S. industrial production fell 0.2% in April, the Federal Reserve reported Tuesday.
Capacity utilization fell to 79.2% from 79.4%.
The declines in industrial output and capacity were unexpected. Economists were forecasting production to rise 0.2% and capacity utilization to remain unchanged to 79.4%. In April, the indexes for manufacturing and mining were unchanged, while the output of utilities dropped 2.3%.