(CercleFinance.com) – Industrial production increased more than expected in December in the United States, driven by the good performance of the manufacturing of consumer goods, the Federal Reserve announced on Wednesday.
Total industrial production increased by 0.1% last month, after remaining perfectly stable (revised from +0.3%) in November.
Economists on average projected zero output growth for the month of December.
In detail, the production of consumer goods increased by 0.2%, while that of raw materials increased by 0.1%.
Production in the mining sector increased by 0.9%, while that of utilities companies fell by 1%.
The industrial capacity utilization rate stood at 78.6%, a level unchanged from one month to the next.
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