Industrial production rose in December

Jan. 16, 2013 at 1:28 PM   |   0 comments

WASHINGTON, Jan. 16 (UPI) -- Industrial production rose 0.3 percent in December after having a climb of 1 percent in November, the Federal Reserve said Wednesday.

Manufacturing output increased 0.8 percent in December with production rising 0.2 percent in the fourth quarter.

Production from mines rose 0.6 percent November to December, while output from utilities dropped 4.8 percent due to unseasonably warm temperatures that meant thermostats were set lower.

At 98.1 percent of its 2007 average, total industrial production in November was 2.2 percent above its year-earlier level.

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