Industrial production slid 0.1% in January, the Federal Reserve reported Thursday.
The increase followed a revised 0.4% increase in December, first reported as a 0.9% gain.
Capacity utilization fell to 77.5% in January from December’s revised 77.7%, first reported as a 77.9%.
Economists polled by IFR Markets projected a 0.2% increase for industrial production and a 78.0% capacity utilization rate.
Manufacturing output was flat in January, following no gain in December.
Utilities’ output was up 0.6% after increasing 4.6% in December, while mining was 1.0% lower after a 0.4% decline the month before.