U.S. Industrial Production Rises in December

By Jessica Coacci

Industrial production in the U.S. climbed 0.4% in December, the Federal Reserve said Friday, ahead of the consensus for a 0.1% increase.

The increase was in-line with a revised 0.4% increase in November.

Production by the manufacturing industry climbed 0.2% in December. Mining production fell by 0.7%, while production by utilities increased by 2.6%.

Industrial capacity utilization was 76.3% in December compared with a consensus for 76.0%. In November, industrial capacity utilization was revised to 76.1%.

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(END) Dow Jones Newswires

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