ECONOMICS COMMENTARY
Feb 15, 2013
US industrial production growth trend hits 11-month high despite January dip
Industrial production fell 0.1% in January, confounding analysts' expectations of a 0.2% increase. The downturn was led by a 0.4% drop in manufacturing output. However, December's industrial production numbers were revised up, from 0.3% to 0.4%, and November had seen a 1.4% increase. The January data therefore need to be looked at in part as an adjustment of production levels from the strong upturn seen late last year.
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