In January, total industrial production (IP) rose a modest 0.2 percent compared with December. Manufacturing output increased 0.2 percent over the previous month. December's growth was revised down from a 0.3 percent gain to no change. Following a return to more normal temperature levels in January, utilities output increased 2.3 percent over December, which had experienced unusually warm weather. Mining output fell 1.0 percent compared with the previous month, reflecting a sharp dropoff in the drilling of oil and gas wells, which declined 10 percent in January. Total IP increased 4.8 percent year over year.

Industrial Production, year-over-year percent change

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