Economy

US industrial production January 2020

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A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington.

Stephen Brashear | Getty Images

U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing slowed production of civilian aircraft, the Federal Reserve said on Friday.

The Fed said manufacturing production fell 0.1% in January, matching forecasts, but December’s manufacturing output was revised lower to a 0.1% gain from a previously reported 0.2% gain.

Overall industrial output for December was revised downward to a 0.4% reduction from a previously reported 0.3% drop.

Economists polled by Reuters had forecast industrial output would fall 0.2% in January, with…



Source cnbc.com

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