Industrial production in the U.S. unexpectedly came in unchanged for the second consecutive month in March, according to a report released by the Federal Reserve on Tuesday, with a drop in manufacturing output offsetting a notable increase in utilities output.
The report showed that industrial production remained unchanged in March after coming in flat in February. Economists had been expecting production to increase by about 0.3 percent.
At the same time, the Fed said capacity utilization edged down to 78.6 percent in March from 78.7 percent in February. The capacity utilization rate matched economist estimates.
by RTT Staff Writer
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