Industrial Production Stagnates in April

The Federal Reserve Board of Governors reported on Thursday that industrial production in the United States remained unchanged in April compared to March, showcasing a mixed performance across different sectors.

Sector-Specific Trends

Manufacturing and Mining Dip: The Manufacturing Index saw a decline of 0.4% month-on-month, while the Mining Index decreased by 0.3%.

Utilities Surge: Contrarily, the Utilities Index experienced a significant growth of 3.3%, which helped balance the overall industrial production figure.

Product Category Movements

Business Equipment: There was a slight increase of 0.2% in business equipment.

Consumer and Non-energy Goods: Consumer goods dropped by 0.2%, and non-energy goods saw a more pronounced decrease of 0.9%.