US: Industrial production increased 0.3% in December vs 0.2% expected

Eren Sengezer FXStreet

"Industrial production increased 0.3 percent in December after rising 0.4 percent in November," the Fed reported on Friday.

Key takeaways from the press release

For the fourth quarter as a whole, total industrial production moved up at an annual rate of 3.8 percent.
In December, manufacturing output increased 1.1 percent, its largest gain since February 2018.
The output of mines rose 1.5 percent, but the index for utilities fell 6.3 percent, as warmer-than-usual temperatures lowered the demand for heating.
Capacity utilization for the industrial sector rose 0.1 percentage point in December to 78.7 percent.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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