US industrial production declined

U

Industrial production in the United States fell by 0.5 percent on a monthly basis in April. This is according to figures from the Federal Reserve.

Economists counted on average at an unchanged production level. In March, production in the American industry increased by 0.2 percent. This figure was revised from a previously reported fall of 0.1 percent.

The occupancy rate last month amounted to 77.9 percent against a revised 78.5 percent in March. Economists generally counted on a capacity utilization of 78.7 percent in April.

About the author

Maurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email [email protected]

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