Industrial Production Fell 0.1% in January

Washington, DC, February 15, 2018-Industrial production edged down 0.1% in January following four consecutive monthly increases, according to the Federal Reserve.

Manufacturing production was unchanged in January.

Mining output fell 1.0%, with all of its major component industries recording declines, while the index for utilities moved up 0.6%. At 107.2% of its 2012 average, total industrial production was 3.7% higher in January than it was a year earlier.

Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5%, a rate that is 2.3 percentage points below its long-run (1972–2017) average.