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U.S. industrial production grows less than anticipated in April

The Federal Reserve reported on Friday the U.S. industrial production rose 0.7 percent m-o-m in April, following a revised 2.4 percent m-o-m gain in March (originally a 1.4 percent m-o-m advance).

Economists had forecast industrial production would increase 1.0 percent m-o-m in April.

According to the report, the output of utilities surged 2.6 percent m-o-m in April, while mining production grew 0.7 percent m-o-m and manufacturing output rose 0.4 percent m-o-m, despite a drop in motor vehicle assemblies that principally resulted from shortages of semiconductors.

Capacity utilization for the industrial sector increased 0.5 percentage point m-o-m to 74.9 percent in April. That was 0.1 percentage point below economists’ forecast and 4.7 percentage points below its long-run (1972-2020) average.

In y-o-y terms, the industrial output jumped 16.5 percent in April, following an unrevised 1.0 percent increase in the prior month, but it was 2.7 percent below its pre-pandemic level

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03:30 14.06.2021
Schedule for today, Monday, June 14, 2021
Time Country Event Period Previous value Forecast 04:30 (GMT) Japan Industrial Production (YoY)
03:15 14.06.2021
Currencies. Daily history for Friday, June 11, 2021
Pare Closed Change, % AUDUSD 0.77016 -0.62
22:31 11.06.2021
Key events for next week: US retail sales, UK, Canada and Japan consumer price index, Fed, SNB and Bank of Japan interest rate decision, Australia unemployment rate
On Monday, at 04:30 GMT, Japan will announce a change in industrial production for April. At 06:30 GMT, Switzerland will present the producer and import price index for May. At 09:00 GMT, the euro zone will report the change in industrial production for April. At 13:00 GMT, in Britain, the head of the Bank of England Bailey will give a speech. At 22:45 GMT, New Zealand will announce the change in food prices for May.On Tuesday, at 01:30 GMT in Australia, the RBA Meeting's Minutes will be
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