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Home Economy

Industrial Production Rises in December

January 15, 2021
Reading Time: 1 min read

Industrial production rose 1.6% in December but was 3.6% lower than it was a year earlier.  For the fourth quarter, total industrial production rose at an annual rate of 8.4%.

Durables manufacturing rose 1.5% and nondurable manufacturing increased 0.9% from the previous month.

Manufacturing rose 0.9% December. There was a 1.6% increase for mining, and 6.2% for utilities. The increase for utilities resulted from a rebound in demand for heating after unseasonably warm weather in November.

Read the Fed release.

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