April’s gain marks a rebound from March’s 0.3% decline and exceeds economists’ expectations for a smaller increase.
US industrial production increased 0.7% month-over-month in April, reversing a 0.3% contraction in March. The rise surpassed market forecasts, which had anticipated a more modest gain.
The Federal Reserve’s report highlighted the first expansion in three months, following weak readings in February and March. Manufacturing, mining, and utilities all contributed to the uptick, though details on sector-specific performance were not immediately available.
Markets had priced in a 0.3% rise ahead of the release, making the stronger-than-expected print a potential signal of resilience in the industrial sector amid broader economic uncertainty.