FX.co ★ US Industrial Output Growth at 14-Month High

Industrial production in the United States rose 0.7% in April 2026, the strongest increase in 14 months and more than double market expectations for a 0.3% gain. This followed a 0.3% decline in March. Manufacturing output, which represents about 78% of total industrial production, advanced 0.6%, beating the forecast of 0.2%. Excluding motor vehicles and parts, manufacturing output still climbed 0.3%. Utilities production increased 1.9%, supported by growth in both electric and natural gas utilities, while mining output slipped 0.1%. Capacity utilization improved to 76.1%, though it remained 3.3 percentage points below its long-run average for the period 1972–2025.