Warmer January reduces US industrial output

15 February 2023

 

Summary: US industrial output flat in January, below expectations; up 0.8% over past 12 months; reduced demand for heating; capacity utilisation rate down 0.1ppts to 78.3%, below long-term average. The Federal Reserve’s industrial production (IP) index measures real output from manufacturing, mining, electricity and gas company facilities located in the United States. These sectors are thought to be sensitive to consumer demand and so some leading indicators of GDP use...

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