FXstreet.com (Barcelona) - US industrial production remained flat in December, against expectations of a slight drop, while the capacity utilization declined slightly, according to data release by the Federal Reserve.
Industrial production was unchanged was unchanged in December, while it decreased 1.0% on the fourth quarter, the first quarterly decrease since the fourth quarter of 2006. On the year, Industrial production rose 1.5%.
Capacity utilization decreased slightly to 81.4 in December from 81.6 n November, revised up from the initial 81.5.
Output in the manufacturing sector was unchanged in December, while the output on utilities decreased 0.2% due to a decline n gas utilities, and output of mines edged up 0.1% after a 1.0% increase on the previous month.