US industrial production rises 0.1% in December

Manufacturing output increases by 0.1%, while capacity utilization remains unchanged

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%.

Kaynak:

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