Industrial Production Fell 0.6% in January
Washington, DC, February 15, 2019-Industrial production decreased 0.6% in January after rising 0.1% in December, according to the Federal Reserve.
In January, manufacturing production fell 0.9%, primarily as a result of a large drop in motor vehicle assemblies; factory output excluding motor vehicles and parts decreased 0.2 %. The indexes for mining and utilities moved up 0.1% and 0.4%, respectively.
At 109.4% of its 2012 average, total industrial production was 3.8% higher in January than it was a year earlier.
Capacity utilization for the industrial sector decreased 0.6 percentage point in January to 78.2 %, a rate that is 1.6 percentage points below its long-run (1972–2018) average.