» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 40 | NO. 20 | Friday, May 13, 2016

US industrial production jumps by most since November 2014

Print | Front Page | Email this story

WASHINGTON (AP) — The Federal Reserve says U.S. industrial production in April posted the biggest increase since November 2014 as utility output surged.

Industrial output — which includes factories, mines and utilities — rose 0.7 percent from March. It had dropped the previous two months.

Driving the climb was utility production, which surged 5.8 percent in April. It was the biggest jump since February 2007. Demand for electricity and natural gas returned to more normal levels after unusually mild March weather.

Factory output rebounded 0.3 percent, the most since January, helped by a solid increase in auto and machinery production.

Mining production dropped 2.3 percent, marking the eighth straight decline as energy companies reduced oil and gas drilling. Coal producers have also cut back in the face of lower-price competition from natural gas.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0