Cleaning & Restoration Breaking News

Industrial Production Falls 0.5 Percent

WASHINGTON (Reuters) - U.S. industrial production fell for a second straight month in April, according to a Federal Reserve report released on Thursday, as American factories operated at their slowest pace since Ronald Reagan was in the White House.

The Fed said output at the nation's manufacturing plants, mines and utilities slid by 0.5 percent, the same as in March. Capacity utilization fell to 74.4 percent from 74.8 percent.

U.S. factories ran at an even slower pace, only 72.5 percent of capacity, the lowest reading since May 1983, when it was also 72.5 percent.

Wall Street analysts had projected a slightly smaller drop in output of 0.4 percent and a capacity use reading of 74.4 percent. The report underscored the weakness in the factory sector, which has been hard hit by the slumping economy.

Overall factory output fell 0.6 percent in April, a third straight decline and the biggest monthly drop since December 2002.

Factory output, which makes up more than four-fifths of overall industrial output, was again held in check by slumping auto production.

Assembly rates for motor vehicles fell to 11.55 million annually from March's 11.90 million rate and auto and auto parts production was down by 2.0 percent in April.

However, factory output of high-tech equipment like computers, semiconductors and communications gear, advanced at a healthy 1.0 percent clip and was up 9.3 percent compared to April 2002 levels.

The other industries tracked in the report, mining and utilities, also posted gains. Mining output rose 0.4 percent while utilities production rose 0.1 percent.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.



Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.


Beginning April 21, Google will start judging websites based on their mobile friendliness. What exactly does this mean to you cleaning website? Find out in the latest edition of The Hitman Advertising Show, which will also cover tips and suggestions on getting mobile compliant.
More Podcasts

ICS Cleaning Specialist Magazine


2015 April

The April ICS issue features content on concrete polishing, green cleaning, air duct cleaning, injection sprayers and new products.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive


The Carpet Cleaner's Book of Unlimited Success! (ebook)

Don’t worry about the recession or about your competition.  Now you can be the owner of over 400 ways for carpet cleaning professionals to make more money and get more jobs!

More Products


Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view


facebook_40.png twitter_40px.png youtube_40px.png


Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view