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US Industrial Production climbed by 0.8%

Wednesday, Jan 18 2017
US Industrial Production climbed by 0.8%

Industrial production rebounded in December by posting the strongest advance in two years, though the monthly advance was led by utility output after an unusually warm month. The Federal Reserve said Wednesday that industrial production climbed 0.8% in December, the largest percentage rise since November 2014. The gain follows a steep decline in November, where output fell a revised 0.7%, worse than the previously reported 0.4% decline. Economists polled by MarketWatch had expected a 0.9% rise in December output.

 

Earlier today US CPI figures were released. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent  in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics  reported today. Over the last 12 months, the all items index rose 2.1 percent  before seasonal adjustment. Continuing their recent trends, the shelter and gasoline indexes increased in December and were largely responsible for the seasonally adjusted all items  increase. The shelter index rose 0.3 percent in December, while the gasoline  index increased 3.0 percent.

Last modified on Wednesday, 18 January 2017
More in this category: « Eurozone CPI up by 1.1% Australian Unemployment Rate unexpectedly rose to 5.8% »

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