Industrial output rose 0.6 percent in March
Posted on: Friday, 14 April 2006, 09:13 CDT
WASHINGTON (Reuters) - Output from U.S. factories, mines and utilities rose 0.6 percent in March, slightly more than expected, as capacity use reached its highest point in 5-1/2 years, the Federal Reserve said on Friday.
Capacity utilization, a measure of how close to full potential factories, mines and utilities are running, rose to 81.3 percent from a downwardly revised 81.0 in February, marking its highest level since reaching 81.5 percent in September 2000.
The Fed said output from the nation's mines rose 0.9 percent in March after falling 0.7 percent in February, while manufacturing and utility output both gained 0.5 percent.
Wall Street analysts polled by Reuters had expected overall March industrial production to rise 0.5 percent and capacity use to reach 81.4 percent.
Source: REUTERS
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