Updated: 16-Apr-26 09:34 ET
| March Industrial Production |
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| Updated: 16-Apr-26 09:34 ET |
Highlights
- Industrial production declined 0.5% month-over-month in March (Briefing.com consensus: 0.1%) following an upwardly revised 0.7% increase (from 0.2%) in February.
- The capacity utilization rate was 75.7% (Briefing.com consensus: 76.4%), versus a downwardly revised 76.1% (from 76.3%) in February.
Key Factors
- Manufacturing output was down 0.1% after an upwardly revised 0.4% increase (from 0.2%) in February. Motor vehicle assemblies were down 4.0% month-over-month to a seasonally adjusted annual rate of 9.98 million units. Manufacturing capacity utilization dipped to 75.3% from 75.5% in February.
- Mining output dropped 1.2% month-over-month following a 2.1% increase in February. Mining capacity utilization fell to 84.5% from 85.5%.
- Utilities output decreased 2.3% month-over-month after increasing 1.8% in February. Utilities capacity utilization fell to 70.3% from 72.1% in February.
Big Picture
- The key takeaway from the report is that the headline decline is not as bad as it looks when taking into account the large upward revision to industrial production in February, which effectively offsets the decline in March.
| Category | MAR | FEB | JAN | DEC | NOV |
| Industrial Production | |||||
| Total Index | -0.5% | 0.7% | 0.0% | 0.5% | -0.1% |
| Manufacturing | -0.1% | 0.4% | 0.6% | -0.1% | 0.0% |
| Utilities | -2.3% | 1.8% | -3.5% | 6.0% | -1.4% |
| Mining | -1.2% | 2.1% | -0.2% | -1.4% | 0.7% |
| Capacity Utilization | |||||
| Total Industry | 75.7% | 76.1% | 75.7% | 75.7% | 75.4% |
| Manufacturing | 75.3% | 75.5% | 75.3% | 74.9% | 75.0% |
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