By Ovunc Kutlu
ISTANBUL (AA) – US industrial production increased by 0.1% in December, compared to the previous month, according to the Federal Reserve data released on Wednesday.
The market expectation for the figure was to show no change, after having a 0.2% gain in November.
Annually, industrial production was up 1% in December, compared to the same month last year, according to the Fed figures.
Manufacturing output, meanwhile, rose 0.1% in December from the previous month.
The market estimate for the figure was to show no change as well, following a 0.2% increase in November.
Capacity utilization, which indicates overall growth and demand in the economy, also remained unchanged in December at 78.6%.
That figure came in just slightly lower than market estimates of 78.7%.