By 
Industrial production continued to expand in April, marking the fourth straight month of growth.
Source: Federal Reserve
QQQ is up 1.98%, while SPY is up 1.41%.
Total industrial production grew by 1.1% to 105.6 of its 2017 average, bringing the level 6.4% higher than the year prior. This compares with the 104.5 in March, when the level raised by 0.9%.
In terms of major industry groups, the biggest growth was seen in utilities which climbed by 2.4% to 109.3, followed by the mining industry, which jumped 1.6% to 114.0, and manufacturing which grew by 0.8% to 103.2.
Broken down by major market groups, materials increased by 1.3% to 106.8, followed by final products, which climbed by 0.9% to 105.3, and nonindustrial supplies, which grew by 0.7% to 106.4.
Capacity utilization for manufacturing increased by 0.6 percentage points to 79.2% in April, marking the highest level since the same month in 2017.
Comments