WASHINGTON — Industrial production rose 0.7% in March, the Federal Reserve reported Wednesday.
The production gain followed a 1.2% gain in February, originally reported as a 0.6% increase.
Capacity utilization inched up to 79.2% from a revised 78.8% in February, previously estimated at 78.4%
Economists polled by Thompson Reuters projected a 0.5% increase in industrial production and a 78.8% capacity utilization rate.
Manufacturing output was up 0.5% in March following a 1.4% increase the previous month.
Utilities' output rose 1.0% in March after falling 0.3% the previous month.
