Investing.com - U.S. industrial production rose in March, according to data released on Tuesday.
The Federal Reserve reported that industrial output advanced 0.5% last month after gaining 1.0% in February.
Economists had forecast industrial production rising 0.3%.
Meanwhile, manufacturing production increased 0.1% in March, in line with expectations.
Manufacturing output rose 1.5% in February, revised up from an initial 1.3% gain.
The report also showed that the capacity utilization rate, a measure of how fully firms are using their resources, increased to 78.0% in March.
Economists had forecast it to inch up to 77.9% from the prior month’s reading of 77.7%.