Industrial production increased 0.2 percent in January after decreasing 0.3 percent in December.
production is estimated to have advanced at an annual rate of 4.3 percent in the fourth quarter of last year.
In January, manufacturing output moved up 0.2 percent and was 5.6 percent above its year-earlier level.
The index for mining decreased 1.0 percent, with the decline more than accounted for by a substantial drop in the index for oil and gas well drilling and related support activities.
The output of utilities increased 2.3 percent.
At 106.2 percent of its 2007 average, total industrial production in January was 4.8 percent above its level of a year earlier.
Capacity utilization for the industrial sector was unchanged in January at 79.4 percent, a rate that is 0.7 percentage point below its long-run (1972–2014) average.
Source
http://www.federalreserve.gov/releases/g17/Current/default.htm
Our Comments are that the data reinforces indications on positive US Growth ; There is reassuring. evidence of growth.
Without any risk or responsibility
production is estimated to have advanced at an annual rate of 4.3 percent in the fourth quarter of last year.
In January, manufacturing output moved up 0.2 percent and was 5.6 percent above its year-earlier level.
The index for mining decreased 1.0 percent, with the decline more than accounted for by a substantial drop in the index for oil and gas well drilling and related support activities.
The output of utilities increased 2.3 percent.
At 106.2 percent of its 2007 average, total industrial production in January was 4.8 percent above its level of a year earlier.
Capacity utilization for the industrial sector was unchanged in January at 79.4 percent, a rate that is 0.7 percentage point below its long-run (1972–2014) average.
Source
http://www.federalreserve.gov/releases/g17/Current/default.htm
Our Comments are that the data reinforces indications on positive US Growth ; There is reassuring. evidence of growth.
Without any risk or responsibility
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