Posted on April 15, 2005 by Preston Danforth

The data is all over the board these days when it comes to the US economy. Reuters is reporting:

NEW YORK (Reuters) – Industrial production and consumer sentiment reports came in on the weak side on Friday, the latest data to support the view that higher oil prices could lead to slower U.S. growth in the second quarter.

The Federal Reserve said U.S. industrial production rose 0.3 percent in March, as expected, but February’s output was revised down to a 0.2 percent increase from the 0.3 percent gain previously reported.

The latest measure of April consumer confidence also bespoke a more uncertain economic outlook as energy costs soared. The University of Michigan’s consumer sentiment index slid to 88.7 from 92.6 in March, according to market sources who saw the subscription-only report.

Read more here