Industrial production grew 0.9% in December, the Federal Reserve reported Wednesday.

The increase followed a revised 0.1% decline in November, first reported as a 0.2% gain.

Capacity utilization grew to 77.9% in December from November’s revised 77.2%, first reported as a 77.1%.

Economists polled by IFR Markets projected a 0.4% increase for industrial production and a 77.3% capacity utilization rate.

Manufacturing output rose 0.1% in December, following a 0.3% gain in November.

Utilities’ output was up 5.6% after decreasing 3.1% in November, while mining was 1.6% higher after 0.1% growth the month before.

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.