Industrial Output Declines

The United States experienced a 0.3% decrease in industrial production in March, as reported by the Federal Reserve's Board of Governors. This decline was primarily attributed to a significant 5.8% drop in the utility index, influenced by warmer temperatures during the month.

Mixed Sector Results

Despite the overall downturn, not all sectors faced declines. The manufacturing index saw a modest 0.3% increase, while mining enjoyed a 0.6% rise. Business equipment also reported a positive trend with a 1.7% increase, contrasting with a 1% decrease in consumer goods.

Material Movements

The non-energy materials sector showed growth, led by a 0.5% increase in durable non-energy components. However, the nondurable non-energy materials segment remained stable, showing no change from the previous month.