US: Industrial production advanced 1.0 percent in April

"Industrial production advanced 1.0 percent in April for its third consecutive monthly increase and its largest gain since February 2014," said the Board of Governors of the Federal Reserve on Tuesday.

Key highlights:

• Manufacturing output rose 1.0 percent as a result of widespread increases among its major industries
• The indexes for mining and utilities posted gains of 1.2 percent and 0.7 percent, respectively
• At 105.1 percent of its 2012 average, total industrial production in April was 2.2 percent above its year-earlier level
• Capacity utilization for the industrial sector increased 0.6 percentage point in April to 76.7 percent, a rate that is 3.2 percentage points below its long-run (1972–2016) average.