March industrial production flat for second month

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March industrial production flat for second month (by Steve Goldstein)

WASHINGTON (MarketWatch) -- Industrial production was unchanged for the second month running in March, the Federal Reserve said Tuesday. Economists polled by MarketWatch had forecast a 0.3% gain. While utilities output gained 1.5%, manufacturing output slipped 0.2% while mining output rose 0.2%. Capacity utilization ticked down to 78.6% from an upwardly revised 78.7%; economists had forecast a utilization rate of 78.4%. During the first quarter, industrial production rose at a annualized rate of 5.4%.

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