Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

April industrial output weaker than expected

April industrial output weaker than expected (by Greg Robb)

WASHINGTON (MarketWatch) - The output of the nation's factories, mines and utilities was weaker-than-expected in April as a parts shortage due the Japanese earthquake led to a drop in auto assemblies, the Federal Reserve said Tuesday. Industrial production was flat in April, well below the 0.3% increase expected by economists surveyed by MarketWatch. Adding to a sense of weakness in the report, industrial output in February and March was also revised lower. Factory activity alone fell 0.4% in April, which was the first decline after nine straight monthly gains. Total motor vehicle assemblies dropped to a 7.9 million unit annual rate in April from a 9.0 million rate in March. Excluding motor vehicles and parts, factory production rose 0.2% in April. Capacity utilization - a gauge of slack in the economy - slipped to 76.9% in April from 77.0% in March.