U.S. Industrial Output Recovers in March

Industrial production in the United States expanded last month by 1.4%, following a reading that showed a 2.6% decline in February.

The rebound in industrial output in March comes following a sharp decline in February that resulted mainly from bad weather conditions and a winter storm hitting southern parts of the U.S.

The production of motor vehicles and parts increased by 2.8%, while mining grew by 5.7%.

Meanwhile, utility output declined by 11.4%.

Capacity utilization increased to 74.4 in March from 73.4 in February.