US industrial production remains steady in January

US industrial production remains steady in January

Capacity utilization down to 78.3%

By Ovunc Kutlu

ISTANBUL (AA) - US industrial production remained unchanged in January, according to Federal Reserve data released Wednesday.

The expectation for the figure was to show a gain of 0.5%.

The figure for December was revised to a 1% decline, from a decrease of 0.7%.

"In January, manufacturing output moved up 1.0 percent and mining output rose 2.0 percent following two months with substantial decreases for each sector," the Fed said in a statement.

Capacity utilization, which indicates overall growth and demand in the economy, fell 0.1 in January to 78.3%.

That also was below projections of 79.0%.

The figure for December was also revised down to 78.4%, from 78.8%.

Kaynak:Source of News

This news has been read 128 times in total

ADD A COMMENT to TO THE NEWS
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
Previous and Next News