Go to article >>

U.S. factory output was unchanged in January for a second month after a run of healthy advances consistent with ongoing expansion in the industry, according to Federal Reserve data released Thursday.

Highlights of Industrial Production

Factory output compares with an estimated 0.3% gain. The prior month was revised down from a 0.1% gain. … Total industrial production, which also includes mines and utilities, eased 0.1% (just below an estimated 0.2% rise) after a revised 0.4% gain (previous 0.9%). This was the first decline in five months. … Capacity utilization, measuring the amount of a plant that is in use, eased to 77.5% from 77.7%.

Key Takeaways

The soft results for factory production, which may have been impacted by harsh weather

 

From Industry Week

 

Privacy Policy | Terms of Use | Communication Policy | Copyright © 2018 HARDI - Heating Air-conditioning & Refrigeration Distributors International. All rights reserved.