Industrial output up 0.4%, boosted by utilities
The gain was above Wall Street expectations of a 0.2% gain, according to a survey by The Wall Street Journal.
Manufacturing... The numbers: U.S. industrial production rose 0.4% in March, the Federal Reserve reported Friday. Key details: The increase in output was boosted by a sharp rise in utility output due to the cold temperatures. Output of motor vehicles was down 1.5% in March after increasing for the past two months. Excluding autos, total industrial output was up 0.5% in March.Big picture: Industrial production looks a little stronger in the wake of this report, which incorporates annual revisions.
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