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U.S. industrial production edges down in April

Xinhua, May 15, 2015 Adjust font size:

The U.S. industrial production, an indicator of mines, factories and utilities output, decreased 0.3 percent in April for its fifth consecutive monthly loss, the Federal Reserve reported on Friday.

The manufacturing output, the largest component of the overall industrial production, stayed unchanged. The index for mining fell 0.8 percent, as sharp fall in oil and gas well drilling has more than accounted for the overall decline in mining this year. The output of utilities fell 1.3 percent.

The total industrial production in April was 1.9 percent above the year-earlier level.

Economic activity in the U.S. manufacturing sector continued to expand in April at the same pace as in the previous month, according to the Institute for Supply Management.

The manufacturing index, also known as the purchasing managers index (PMI), registered 51.5 percent in April, unchanged from the prior month but below market expectations of 52 percent, it said. Endi