Industrial Production Up 0.3% for December

Industrial production increased 0.3% in December, according to a Federal Reserve report [link opens in PDF] released today.

Although the newest numbers reflect a drop from the previous month's 1% gain, November's numbers benefited from slowed October production caused by Hurricane Sandy. Total industrial production moved up at an annual rate of 1% for the fourth quarter as a whole.

Production has changed relatively little in the past six months, but December's data represent a 2.2% increase over December 2011. In the past 12 months, business equipment production has shot up 8.7%, for the largest sector gain, while utilities production, the only group to decline, fell 0.3%. 


The increase in manufacturing output was twice the consensus analyst estimate, rising 0.8% in December. The capacity utilization rate bumped up 0.1 percentage points to 78.8% for the month, beating analyst expectations of a 78.5% rate .

Source: Federal Reserve

The article Industrial Production Up 0.3% for December originally appeared on Fool.com.

You can follow Justin Loiseau on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Learn about investing from the comfort of your own home.

Portfolio Basics

Take the first steps to building your portfolio.

View Course »

Investment Strategies

Learn the strategies you need to build a winning portfolio

View Course »

Add a Comment

*0 / 3000 Character Maximum