Gate News message, April 16 — U.S. industrial output declined 0.5% month-over-month in March, falling short of market expectations for 0.1% growth and signaling renewed downward pressure on economic momentum. The decline reversed gains from February, when industrial output expanded 0.7% after revisions.
Manufacturing output, which accounts for roughly three-quarters of total industrial production, fell 0.1% in March, while utilities output dropped sharply by 2.3% and mining output also declined. Across specific sectors, consumer goods, business equipment, and raw materials production all contracted. Automotive and parts, primary metals, and furniture industries all posted declines. However, when excluding automotive production, manufacturing output rose 0.1%, marking the third consecutive monthly gain.
Capacity utilization rates also retreated, with factory utilization falling to 75.3%, reflecting weakened alignment between demand and production. The pressure stems partly from rising energy and raw material costs, which have begun to dampen business confidence after early-quarter signs of recovery. The Philadelphia Federal Reserve’s manufacturing index had climbed to its highest level since 2021, supported by easing trade policy uncertainty and steady equipment investment, but sustained cost pressures threaten to restrain new orders and slow the manufacturing recovery.
On the labor front, initial jobless claims fell by 11,000 to 207,000 for the week ending April 12, marking the largest decline since February and suggesting limited corporate layoffs despite industrial headwinds.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Week of Major Economic Events: Central Banks Meet, Five Tech Giants Report Earnings, U.S. Jobs Data Released
Gate News message, April 27 — This week marks a significant period for global markets, with central banks from all Group of Seven member nations holding meetings, major U.S. tech companies releasing earnings, and key economic data expected. According to data, 42% of companies in the S&P 500 by marke
GateNews20m ago
Ethereum Outperforms S&P 500 by 1,696 Basis Points Since U.S.-Iran Conflict, Says Tom Lee
Gate News message, April 27 — Tom Lee, chairman of Bitmine, stated that Ethereum has outperformed the S&P 500 index (U.S. benchmark equity index) by 1,696 basis points since the U.S.-Iran conflict, making it the best-performing single asset globally aside from crude oil. According to Lee, ETH has de
GateNews37m ago
TradFi Fall Alert: VIX (VIX) Falls Over 1.5%
Gate News: According to the latest Gate TradFi data, VIX (VIX) has dropped by 1.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.
GateNews4h ago
U.S. Stock Futures Mixed in Pre-Market Trading; Apple Down 1.35%, Nvidia Up 0.88%
Gate News message, April 27 — U.S. stock index futures showed mixed movement in pre-market trading. The Nasdaq rose 0.1%, while the Dow Jones fell 0.18% and the S&P 500 declined 0.05%.
Among the "Magnificent Seven" tech stocks, Apple (AAPL) fell 1.35%, Microsoft (MSFT) dropped 0.08%, and Tesla
GateNews5h ago
TSMC contract terms’ first trading day: Taiwan stocks break 40k, and 00981A actively managed ETFs lead the gain
The Financial Supervisory Commission (FSC) announced on 4/24 the “TSMC clause,” relaxing the single-shareholding limit from 10% to 25%. This applies only to actively managed funds and active ETFs, not to passive index-tracking ETFs. Active ETFs represented by 00981A benefited the most after the clause took effect; they can raise the TSMC weight to 25%, with an additional 170k beneficiaries in a single week. Although 0050/0056 are not directly benefited, the rise in share prices still drove a corresponding increase due to tracking effects. Key market points to watch: whether it truly reaches 25%, whether the amplification effect at TSMC’s higher price levels materializes, and whether the clause will be revised again in the future.
ChainNewsAbmedia5h ago
