Industrial production fell 0.5% in April, and the rates of change for previous months were revised down on net. Output is now reported to have declined 1.9% at an annual rate in the first quarter.
Manufacturing output declined 0.5% in April after having decreased about 0.4% per month, on average, during the previous three months. In April, the production of durable goods fell almost 1%, but the index for nondurable goods only edged down. Among durables, losses of 2% or more were posted by machinery; electrical equipment, appliances, and components; and motor vehicles and parts.