US Industrial Production

US industrial production (output of the nation's factories, mines, and utilities) gained 0.1% for the month of January, following an upwardly revised gain of 0.1% in December. The news, released by the Federal Reserve today, was in-line with what economists had expected.

Of the three major industry groups, utilities output increased 2.2%, while output at mines decreased 1.8%. Manufacturing output remained the same.

In the past year, industrial production increased 2.3%.

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