Industrial production in the U.S. advanced by 0.1% in January (15-02-2008)

Feb 15 - According to the Federal Reserve, output from factories, mines and utilities in the U.S. rose by 0.1% in January as expected by economists. The output for the last month of the year had been revised to a 0.1% rise from the prior estimate of 0.0%.

 In January manufacturing output was unchanged, as lower output of motor vehicles and parts was offset by small gains gain in other sectors, said the Fed.

 Monthly output of business equipment was higher by 0.4%, while capacity utilization, which helps gauge of inflationary pressures, was the same as the prior month's revised level of 81.5%. Industrial production is up 2.3% from the year-ago level. 

Source MarketWatch