Home Breaking: US Industrial Production contracts by 5.4% in March

Breaking: US Industrial Production contracts by 5.4% in March

Updated: 15 Apr. 2020 | 15:17

Industrial Production in the US contracted by 5.4% on a monthly basis in March, the data published by the Federal Reserve showed on Wednesday. This reading came in worse than the market expectation for a decline of 4%.

Further details of the press release revealed that Capacity Utilization in the same period fell to 72.7% from 77%.

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