US industrial production rose 0.9 percent in December
January 18, 2018
WASHINGTON (AP) — The Federal Reserve says U.S. industrial production rose 0.9 percent in December, pulled higher by a surge in utility output, another sign of health for the American economy.
Utility production shot up 5.6 percent last month, the most since March 2017, as Americans turned up the heat during a year-end cold snap in the East and Midwest. Manufacturing output edged up 0.1 percent, the fourth straight monthly increase, helped by a healthy uptick in production of cars, trucks and auto parts. Mining production rose 1.6 percent, largely because of an increase in extraction of o...