Production Surges 1.1%, Capacity Use at 79.2%

Industrial production gained 1.1% in April, while capacity use grew to 79.2%, the Federal Reserve reported Tuesday.

Economists expected production to rise 0.6% and 79.0% capacity use.

In March, production fell 0.6%, originally reported as flat, while capacity use was 78.4%, originally seen as 78.6%

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