Industrial Production Off 0.1%, Capacity Use at 79.7% in December

Industrial production dipped 0.1% in December, the Federal Reserve reported Friday.

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The production increase followed an unrevised 1.3% increase in November.

Capacity utilization fell in December to 79.7% from a revised 80.0% the previous month, first reported as 80.1%.

Economists polled by Thompson Reuters projected a flat reading for industrial production and an 80.0% capacity utilization rate.

Manufacturing output was up 0.3% in December following a 1.3% increase the previous month.

Utility output slumped 7.3% in December after soaring 4.2% in November.


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