FXstreet.com (Barcelona) - Industrial Production ticked up 0.1% in January from December for the second consecutive month, as lower output in vehicle production has offset minor gains elsewhere, according to data released by the Federal Reserve.
December's reading has been revised up to a 0.1% increase from a flat reading previously reported. Output of utilities increased 2.2%, while the output of mines dropped 1.8%. On the year, overall industrial production has increased 2.3%.
Capacity utilisation has remained flat at 81.5% in January from December, as December's record has been revised up from the previously estimated 81.4%. Capacity utilisation is now 0.4% higher than in January 2007, and 0.5% above its 1972-2007 average.