US industrial production rose 0.5% in January, boosted by utilities, despite a drop in car manufacturing.

US industrial production increased by 0.5% in January, exceeding expectations, driven by a 7.2% rise in utilities output due to cold weather. However, manufacturing output fell by 0.1%, mainly due to a 5.2% drop in motor vehicle production. Despite this, the overall capacity utilization rose to 77.8%, signaling a steady recovery in the industrial sector.

5 weeks ago
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