EmailIndustrial production increased 1.1% in April following a downward revision for March from 0.0% to -0.6%. The Briefing.com consensus expected industrial production to increase 0.5%.As expected, a large portion of the increase in production came from a 4.5% increase in utilities output as weather conditions returned to normal. Even though most of the regional manufacturing surveys showed a notable slowdown in production, manufacturing production increased 0.6% in April after declining 0.5% in March. Motor vehicle production, which increased 3.9%, accounted for approximately half of the increase in manufacturing production in April. Motor vehicle assemblies increased from 10.07 million SAAR units in March to 10.65 million SAAR in April. Auto assemblies increased from 3.90 million SAAR to 4.25 million SAAR while light truck assemblies increased from 6.17 million SAAR to 6.42 million SAAR.Mining production increased 1.6% after declining 1.7% in March.
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