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Posted May 15, 2013

April industrial production lags

Industrial production decreased 0.5 percent in April after having increased 0.3 percent in March and 0.9 percent in February.


Manufacturing output moved down 0.4 percent in April after a decline of 0.3 percent in March. The index for utilities decreased 3.7 percent in April, as heating demand fell back to a more typical seasonal level after having been elevated in March because of unusually cold weather.

After having increased substantially in February and March, the production of consumer goods decreased 0.6 percent in April. The production of durable consumer goods moved down 0.8 percent; among the major components of this category, home electronics posted a small gain, but decreases were recorded by automotive products; appliances, furniture, and carpeting; and miscellaneous durables.

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