(MENAFN) The Federal Reserve said the US industrial production, an indicator of mines, factories and utilities output, increased 0.2 percent in January after decreasing 0.3 percent in December, Xinhua reported.
With the rate of change in output for September through December being slightly lower than previously estimated, production is expected to have advanced at an annual rate of 4.3 percent in the fourth quarter.
Factory output rose 0.2 percent and was 5.6 percent above its year-earlier level. The production of mines moved down 1 percent. The output of utilities increased 2.3 percent.
The capacity utilization for total industry, a main gauge of industrial efficiency, was unchanged in January at 79.4 percent, 0.7 percentage point lower than its long-run average.
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