U.S. industrial output jumps 1.1% in April

WASHINGTON (MarketWatch)
The output of the nation's factories, mines and utilities surged 1.1% in April, the biggest gain since December 2010, the Federal Reserve said Wednesday
The gain in April was above Wall Street expectations of a 0.7% increase
The April report was strong across the board
Production was boosted by mining, auto production and a higher utility output
March production was revised down to a 0.6% decrease from the initial estimate of unchanged, while February production was revised up to a 0.4% gain from a flat reading
Factory activity alone rose 0.6% in April after a 0.5% drop in the previous month, which was the first decline in four months
Capacity utilization - a gauge of slack in the economy - rose to 79.2% in April from 78.4% in March This is the highest capacity reading of this business cycle