Industrial Production Rises 1.4% in March

Industrial production increased 1.4% in March. Total industrial production in March was 1.0% higher than its year-earlier level. For the first quarter, total industrial production rose 2.5% at an annual rate.

Manufacturing output increased 2.7% in March. The indexes for durable and nondurable manufacturing fell 3.0%, 2.6%, respectively.  The output of utilities declined 11.4% as the demand for heating fell because of warmer temperatures after an unseasonably cold February. Mining production increased 5.7%; oil and gas extraction accounted for most of the gain.

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