American factories flexed some muscle in April, boosting output by the most since February 2014 in broad fashion. Along with gains at mines and utilities, total industrial output was also the strongest in more than three years, Federal Reserve data showed Tuesday.
Highlights of April industrial production:
Factory production rose 1% (forecast called for a 0.4% gain) after a 0.4% drop in March.
Total industrial production, which also includes mines and utilities, also increased 1% (forecast was for 0.4% gain) after a revised 0.4% gain.
