the numbers industrial production rose 05 in april after two flat months the federal reserve reported tuesday the gain in april was above expectations of a 01 gain according to a survey by the wall street journal but the picture was clouded by downward revisions to both february and march capacity utilization rose to 797 in april from a revised 794 in the prior month the reading was in line with economists forecasts key details manufacturing jumped 1 in april after a 08 drop in the prior month motor vehicles and parts output rose 93 after a 19 decline in the prior month excluding autos manufacturing was up 04 utilities output fell 31 in april after an 84 gain in the prior month mining output which includes oil and natural gas rose 06 after a 13 decline in march big picture industrial production had a strong january after after a rough fourth quarter of 2022 in general federal reserve regional surveys of manufacturing have been trending lower pointing to weakness in business investment market reaction stocks djia spx were set to open lower on tuesday while the yield on the 10year treasury note tmubmusd10y rose to 354