facebook
twitter
search
search

Industrial production slipped in January

Feb. 15, 2013 at 11:42 AM

WASHINGTON, Feb. 15 (UPI) -- Industrial production fell 0.1 percent in January after a climb of 0.4 percent in December, the Federal Reserve said Friday.

Manufacturing output dropped 0.4 percent in January after rising 1.1 percent in the previous month -- a revised figure -- and 1.7 percent in November.

For the fourth quarter, the Fed said, manufacturing rose at an annual rate of 1.9 percent, a sharp revision from an annual rate of 0.2 percent that was previously reported.

Output from utilities rose 3.5 percent in January, as winter set in, increasing demand for heat. At U.S. mines, production dropped 1 percent in the first month of the year.

At 98.6 percent of its 2007 average, total industrial production in November was 2.1 percent above its year-earlier level.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
B-52 bombers demo long reach of U.S. air power
Army orders tactical trucks from Oshkosh
Reddit CEO Ellen Pao offers to improve communication in wake of firing scandal
Airbus Helicopters joint venture with Mahindra Defense in India
Raytheon wins IDIQ contract for Army sensor systems