US industrial production grows 0.5% in January - Breaking The News

US industrial production grows 0.5% in January

14 February

1 min read

EPA-EFE/TANNEN MAURY

Industrial production in the United States increased by 0.5% in January compared to the previous month, the Federal Reserve's Board of Governors stated in its report published on Friday.

Manufacturing output dipped by 0.1% compared to the month before but rose 1.0% on an annual basis. Mining output fell by 1.2% on a monthly basis, and expanded by 3.4% year-over-year. Meanwhile, the utilities index climbed by 7.2% compared to the month prior and jumped 6.9% year on year.

Capacity utilization for the total industrial sector stood at 77.8%, going up by 0.3 percentage points compared to the month before, which is 1.8 percentage points below its long-run average. Compared to the same period the year before, the figure increased by 1.2 percentage points.

data industrial production

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