U.S. Industrial Output Down 0.3% In January

By Greg Robb Markets MarketWatch Pulse

Industrial production fell 0.3% in January, the largest drop since September, the Federal Reserve said Wednesday. Economists polled by MarketWatch had expected a 0.4% drop. Also, December production was revised down to a 0.6% gain from a previously 0.8% gain. The weakness in January was led by a decline in utility output. Manufacturing output rose 0.2% in January.

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