US industrial production rose 1.0% in April vs. 0.4% increase expected

[McFurd]

CNBC - 5/16/2017 - AP - American industry expanded production last month at the fastest pace in more than three years as manufacturers and mines recovered from a March downturn. The Federal Reserve said Tuesday that U.S. industrial production at factories, mines and utilities shot up 1 percent in April from March, biggest gain since February 2014. Factory production rose 1 percent after declining 0.4 percent in March. Mine production increased 1.2 percent after falling 0.4 percent in March. And utility output rose 0.7 percent after surging 8.2 percent in March. Read more @ http://www.cnbc.com/2017/05/16/us-indus ... -2017.html