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%.
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