-
US industrial production rises 0.9% in December
Industrial production in the United States expanded by 0.9% in December compared to the previous month, the Federal Reserve's Board of Governors stated in its report published on Friday. Manufacturing output rose 0.6% compared to the month before and stood stable on an annual basis. Mining gained by 1.8% on a monthly basis, and by 0.3% year-over-year. Meanwhile, the utilities index climbed by 2.1% compared to the month prior and jumped 4.3% year on year. Capacity utilization for the total industrial sector stood at 77.6%, going up by 0.6 percentage points compared to the month before, which is 2.1 percentage points ... (full story)