Industrial production in the U.S. rose 0.8 percent in December after falling 0.7 percent in November, according to the Federal Reserve. For the fourth quarter as a whole, the index slipped 0.6 percent at an annual rate.
In December, manufacturing output moved up 0.2 percent and mining output was unchanged. The index for utilities jumped 6.6 percent, largely because of a return to more normal temperatures following unseasonably warm weather in November; the gain last month was the largest since December 1989.
At 104.6 percent of its 2012 average, total industrial production in December was 0.5 percent above its year-earlier level. Capacity utilization for the industrial sector increased 0.6 percent in December to 75.5 percent, a rate that is 4.5 percentage points below its long-run (1972–2015) average.
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