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.
