WASHINGTON (AP) — American industry rebounded last month as the United States recovered from an unusually frigid February.
Industrial production — including output at factories, mines and utilities — rose 1.4% in March, reversing a 2.6% drop in February, the Federal Reserve reported Thursday.
Output rose 2.7% at factories and 5.7% at mines. Utility production plunged 11.4%, a record, as the weather warmed in March and Americans turned down the heat.
American industry has proven resilient through the coronavirus crisis. The Institute for Supply Management, an association of purchasing managers, reported earlier this month that U.S. factories expanded in March at the fastest pace in 37 years as federal aid flowed through the economy and the rollout of vaccines encouraged a return to normal business activity.
Before you consider HCSB Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HCSB Financial wasn't on the list.
While HCSB Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
