fabricators and primary metals producers saw capacity
utilization rates increase last month, along with the indices
for industrial production, the Federal Reserve Board said
particularly good news, with capacity utilization rising to a
six-month high of 83.5 percent. Capacity utilization for metals
producers stood at 76.6 percent, up just 0.2 points from April
but still 1.8 points lower than February.
The industrial production index
for fabricators rose 0.8 percent in April to the highest level
in at least six months, while the index for producers inched up
Mining production increased 1.6
percent in April after dropping 1.7 percent in March. Capacity
utilization in mining moved up to 88.8 percent in April and was
1.5 points above its long-run average.
For the United States as a
whole, industrial production increased 1.1 percent in April,
with manufacturing output up 0.6 percent after a 0.5-percent
fall a month earlier.