[ad_1]
Story developing. Stay tuned for updates here.
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.
[ad_2]
Source link