Arab Today, arab today industrial production flat in january
Last Updated : GMT 12:34:44
Arab Today, arab today
Arab Today, arab today

Industrial production flat in january

Arab Today, arab today

Arab Today, arab today Industrial production flat in january

Washington - UPI

Industrial production was flat in January with a gain in manufacturing offset by declines in utilities and mining, the U.S. Federal Reserve said Wednesday. Manufacturing rose 0.7 percent, while production at utilities fell 2.5 percent in the month, as a mild winter has decreased demand for heating. Output at mines fell 1.8 percent, the Fed said. Capacity utilization -- measuring production as a percentage of manufacturing, mining and utilities operating at full steam -- dropped to 78.5 percent in the month, which is 1.8 percentage points below its long-term average, the Fed said.

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