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Industrial Production Continues to Grow

Industrial production rose 0.9% in April to 142% of its 1992 average. Manufacturing output increased 0.8 percent, with most major industries posting gains. The output of utilities rebounded 2.8 percent, while output for mining rose 0.4 percent. At 143.7 percent of its 1992 average, industrial production in Ap

Industrial production rose 0.9% in April to 142% of its 1992 average. Manufacturing output increased 0.8 percent, with most major industries posting gains. The output of utilities rebounded 2.8 percent, while output for mining rose 0.4 percent. At 143.7 percent of its 1992 average, industrial production in April was 6.1 percent higher than in April 1999.

Total capacity utilization rose 0.4 percentage point, to 82.1 percent, a level about even with the average for 1967 to 1999 The utilization rate for manufacturing held steady at 80.6%, with similarly downward revisions and a significant increase from one year ago.

Monthly Reports

Industrial Production Index             1992=100
*revisions possible for previous months
  Jan Feb March April
Total Index 141.5 141.6 142.0 143.7
Manufacturing 146.8 147.0 148.3 149.5
     Durable 181.0 181.2 184.0 186.1
     Nondurable 113.8 113.9 113.9 114.3
Utilities 117.7 118.6 112.9 116.0

Market Groups, Losers and Gainers

Industrial Production
*revisions possible for previous months
  Jan Feb March April
Automotive
Products
149.2 146.1 147.2 150.2
Chemical
Products
126.1 126.7 127.3 126.7
Industrial
Equipment
138.9 139.9 139.0 141.4
Basic Metals 126.2 125.1 125.4 128.0
Semiconductors 1929.5 1995.5 2070.7 2274.8

Stay Tuned...

Manufacturing.net will provide numbers from the Federal Reserve's May report to be released June 15.

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