Updated: 15-May-25 09:52 ET
| April Industrial Production |
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| Updated: 15-May-25 09:52 ET |
Highlights
- Total industrial production was flat month-over-month in April (Briefing.com consensus 0.3%) following an unrevised 0.3% decline in March.
- The capacity utilization rate dipped to 77.7% (Briefing.com consensus 77.9%) from an unrevised 77.8% in March.
- Total industrial production increased 1.5% yr/yr while the capacity utilization rate was 1.9 percentage points below its long-run average.
Key Factors
- Manufacturing output declined 0.4% following an upwardly revised 0.4% increase (from 0.3%) in March, with the durable manufacturing index decreasing 0.2% and the nondurable manufacturing index sliding 0.6%. Manufacturing capacity utilization dropped to 76.8% from a downwardly revised 77.2% (from 77.3%) in March.
- Mining output decreased 0.3% following a 1.1% increase in March. Mining capacity utilization decreased to 90.2% from 90.5% in March.
- The output of utilities jumped 3.3% following a 6.2% decline in March. Utilities capacity utilization jumped to 71.3% from 69.2% in March.
Big Picture
- The key takeaway from the report is that manufacturing output was weak. Excluding motor vehicles and parts, manufacturing output still decreased 0.3%, presumably with the tariff uncertainty holding back total output.
| Category | APR | MAR | FEB | JAN | DEC |
| Industrial Production | |||||
| Total Index | 0.0% | -0.3% | 0.9% | 0.1% | 1.1% |
| Manufacturing | -0.4% | 0.4% | 1.1% | 0.0% | 0.4% |
| Utilities | 3.3% | -6.2% | -0.9% | 4.5% | 4.6% |
| Mining | -0.3% | 1.1% | 1.2% | -2.4% | 2.0% |
| Capacity Utilization | |||||
| Total Industry | 77.7% | 77.8% | 78.1% | 77.5% | 77.5% |
| Manufacturing | 76.8% | 77.2% | 77.0% | 76.2% | 76.3% |
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