Industrial Production Decreased in January

Industrial production fell 0.3% in January after increasing 0.6% in December. Over the last year, industrial production was unchanged.

Manufacturing output increased 0.2% in January, the same increase as December. Production of durable goods fell, while nondurables rose 0.6% during the month. Capacity utilization for manufacturing increased by 0.1 percentage point to 75.1%, a rate that is 3.3 percentage points below its long-run average.

The mining index increased 2.8% in January as most mining industries posted increases.

The utilities index fell 5.7% in January, largely because unseasonably warm weather reduced the demand for heating.

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