FX.co ★ US Factory Output Stalls, Missing Forecasts

In April 2025, industrial production in the United States remained largely unchanged, failing to meet the anticipated market growth of 0.2%. This stagnation was due to a decline in manufacturing and mining, which was balanced by a substantial increase in utilities output. Specifically, manufacturing output decreased by 0.4%, negating the 0.4% rise observed in March. Mining saw a decline of 0.3%, following a robust 1.1% rise the month before. Conversely, utilities output surged by 3.3%, driven by heightened demand for electricity and natural gas. Capacity utilization slightly decreased to 77.7%, which is 1.9 percentage points below its long-term average from 1972 to 2024, indicating persistent underutilization within the industrial sector.