Business Economy

Stagnation of U.S. industrial production in March

WASHINGTON (Reuters) – Industrial production in the United States has stagnated in March for the second month in a row, hampered by a decline in the manufacturing sector by 0.2% in the same month.

Economists polled by Reuters had forecast an increase in production of 0.3%.

Throughout the first quarter, industrial output shows an annual growth of 5.4% and manufacturing output growth of 10.4%, the largest gain since the second quarter of 2010.

In March, manufacturing suffered a sharp contraction in the production of nonmetallic mineral products. Auto production has increased it by 0.6% after 0.8% in February.

The rate of capacity utilization fell to 78.6% in March from 78.7% in February, up 1.7 points below its long-term average.

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