January's Rate of Industrial Production Fell 0.3%

Washington, DC, February 15, 2017—Industrial production decreased 0.3% in January following a 0.6% increase in December, according to the Federal Reserve.

In January, manufacturing output moved up 0.2%, and mining output jumped 2.8%.

The index for utilities fell 5.7%, largely because unseasonably warm weather reduced the demand for heating.

At 104.6% of its 2012 average, total industrial production in January was at about the same level as it was a year earlier.

Capacity utilization for the industrial sector fell 0.3 percentage point in January to 75.3%, a rate that is 4.6 percentage points below its long-run (1972–2016) average.