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What will be the U.S. industrial production growth rate in January 2025?
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U.S. Federal Reserve's monthly industrial production report
Story
U.S. Industrial Production Rises 0.9% in December, Manufacturing Production at 0.6%, Capacity Utilization at 77.6%
Jan 17, 2025, 02:15 PM
U.S. industrial production rose by 0.9% month-over-month in December 2024, surpassing analysts' expectations of a 0.3% increase. The previous month's production was revised to a decline of 0.1%. Capacity utilization also improved, reaching 77.6%, compared to the expected 77.0% and up from 76.8% in the prior month. Manufacturing production saw a rise of 0.6%, exceeding the forecast of 0.2%. This data suggests a strengthening industrial sector as the economy enters 2025.
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