CPI for April, Industrial Production & Capacity Utilization
CPI for April = +0.7%
Core rate = +0.4%
stats.bls.gov
On a seasonally adjusted basis, the CPI-U rose 0.7 percent in April, its largest monthly advance since an increase of the same magnitude in October 1990. About half of the April advance was attributable to a record increase in gasoline prices.
Excluding food and energy, the CPI-U increased 0.4 percent in April, following increases of 0.1 percent in each of the first three months of 1999.
During the first four months of 1999, the CPI-U rose at a 3.3-percent seasonally adjusted annual rate (SAAR). This compares with an increase of 1.6 percent for all of 1998.
Excluding food and energy, the CPI-U has advanced at a 1.9-percent rate thus far in 1999, compared with a 2.4 percent rise for all of 1998.
Industrial Production = +0.6%
Capacity Utilization = 80.6%
bog.frb.fed.us
Manufacturing output also grew 0.6 percent in April, its third straight monthly gain of close to 1/2 percent. Some of the acceleration came in high-technology industries, but many other industries showed improvement as well. At 134.0 percent of its 1992 average, industrial production in April was 2.0 percent higher than in April 1998. Capacity utilization in manufacturing, mining, and electric and gas utilities rose 0.2 percentage point in April, to 80.6 percent, down from 82.6 percent a year earlier.
University of Michigan Sentiment = 106.4 Up from April.
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