Industrial Production Up 0.2%, Capacity Use at 79.4% in January

Industrial production gained 0.2% in January, the Federal Reserve reported Wednesday.

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The production increase followed a revised 0.3% decrease in December, first reported as a 0.1% slide.

Capacity utilization held in January at 79.4% from a revised 79.4% the previous month, first reported as 79.7%.

Economists polled by Thompson Reuters projected a 0.3% increase for industrial production and a 79.9% capacity utilization rate.

Manufacturing output was up 0.2% in January following a flat reading in December.

Utility output climbed 3.3% in January after dropping a revised 6.9% in December, first reported as a 7.3% decline.


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