U.S. industrial production increased more than expected in January, driven by a surge in utilities output due to cold weather that obscured underlying weakness in manufacturing and mining, which both declined. The Federal Reserve reported on Friday that industrial production rose 0.5% last month, surpassing economists’ forecasts of a 0.3% gain.
The better-than-expected headline figure comes after a 1% jump in December, which was revised up from the initially reported 0.9% increase. Compared to a...
https://www.freightwaves.com/news/better-than-expected-industrial-production-data-hides-softness