WASHINGTON — Industrial production rose 0.3% in December, while capacity utilization increased to 79.2%, the Federal Reserve reported Friday.
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The production gain is the fifth consecutive monthly increase. It followed a revised 1.0% gain In November, originally reported as a 1.1% increase.
Capacity utilization increased to 79.2% from a revised 79.1% in November, originally reported as 79.0%.
The December industrial production increase matched the median 0.3% gain projected by economists polled by Thomson Reuters. The economists expected capacity utilization to be 79.1%.
Manufacturing output was up 0.4% in December following a 0.6% increase the previous month.
Utilities fell 1.4% in December after climbing 3.0% the previous month.
