February 17, 2010
Factory Production Continues Climb In January
By Matthew L. Brown
Industrial production increased 0.9 percent in January, according to a report from the Federal Reserve.
The gain followed an increased of 0.7 percent in December and was the seventh consecutive month of production growth reported by the Fed.
Manufacturing production rose 1 percent in January while the indexes for both utilities and mining advanced 0.7 percent. At 101.1 percent of its 2002 average, output in January was 0.9 percent above its level a year ago.
The capacity utilization rate for total industry rose less than 1 percentage point to 72.6 percent, 8 percentage points below its 1972-2009 average.
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