US Industrial Production for April Increases by 1%

The April reading for the US industrial production data recorded a significant surge compared to the previous month’s reading, an indicator that the country’s economic status is finally gaining some much-needed momentum after starting off the year on a somewhat lackluster note. The industrial production data surged by 1% as compared to the reading last March, the highest recorded increase of the said indicator within a three-year period as according to the Federal Reserve. This positive reading is the latest in a series of optimistic readings for the month of April, with the previous ones being a drop in unemployment rates and a surge in consumer spending data.