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US industrial production rises 0.7% in April

The pace of U.S. industrial production growth was unchanged in April, compared to the previous month as both manufacturing and mining output expansion accelerated, while utilities output growth significantly slowed, the Federal Reserve reported.

Total industrial production rose at a seasonally adjusted monthly rate of 0.7% in April following a revised 0.7% increase in March. In the 12 months through April, overall industrial output climbed 3.5%.

Manufacturing output increased 0.5% last month after no movement in March. Production of both durables and non-durables improved, with widespread gains among non-durables industries. Motor vehicles and parts and wood products posted the biggest losses among durables.

Mining production went up 1.1% in April, with a decline in coal mining output tempering gains in the oil and gas sector.

After a 6.1% increase in March, the utilities index rose 1.9% in April, as electric utilities output slightly changed, while gas utilities production jumped more than 10% amid strong heating demand.

Industrial capacity utilization edged up 0.4 of a percentage point in April to 78.0%, a rate that is 1.8 percentage points below its long-run average.