U.S. Industrial Production Rose 0.7% in April

Industrial output—reflecting everything produced by factories, mines and utilities—rose a seasonally adjusted 0.7% in April from a month earlier, the Federal Reserve said Wednesday.

Economists surveyed by The Wall Street Journal had expected production to rise 0.6% and capacity utilization to hit 78.4% last month. Wednesday’s report showed mines increased output by 1.1% in April, largely reflecting renewed drilling for oil and natural gas.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte