U.S. industrial output ticks up in December on higher auto production

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The numbers: Industrial production rose 0.1% in December, the Federal Reserve reported Wednesday.

The gain was above of a 0.1% decline, according to a survey by The Wall Street Journal.

Capacity utilization held steady at 78.6%, in line with expectations.

The capacity utilization rate reflects the limits to operating the nation’s factories, mines and utilities.

In the fourth quarter, industrial production was down at a 31.% annual rate.

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