RTTNews - Friday morning, the Federal Reserve released its report on industrial production and capacity utilization in the month of April, showing that production fell by a little less than economists had been anticipating.
The report showed that industrial production fell 0.5 percent in April following a revised 1.7 percent decrease in March. Economists had been expecting production to fall 0.6 percent compared to the 1.5 percent decrease originally reported for the previous month.
Additionally, the Fed said the capacity utilization rate edged down to 69.1 percent in April from a revised 69.4 percent in the previous month. Capacity utilization had been expected to fall to 68.8 percent from the 69.3 percent originally reported for March.
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