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U.S. industrial production up in January

Xinhua, February 19, 2015 Adjust font size:

The U.S. industrial production, an indicator of mines, factories and utilities output, increased 0. 2 percent in January after decreasing 0.3 percent in December, the Federal Reserve reported Wednesday.

With the rate of change in output for September through December being slightly lower than previously estimated, production is expected to have advanced at an annual rate of 4.3 percent in the fourth quarter of last year.

Factory output, the largest component of the overall industrial production, rose 0.2 percent and was 5.6 percent above its year- earlier level. The production of mines moved down 1 percent. The output of utilities increased 2.3 percent.

The capacity utilization for total industry, a main gauge of industrial efficiency, was unchanged in January at 79.4 percent, 0. 7 percentage point lower than its long-run average. Endite