April 18, 2018

The Industrial Production Index rose 0.5% in March. For the first quarter, total industrial production advanced at an annual rate of 4.5%. At 107.2% of its 2012 average, the index has increased 4.36% since March 2017. The capacity utilization data suggests that there is ample room for a sustained expansion. For the industrial sector, capacity utilization is 1.8% percentage points below its long run (1972-2017) average.

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