U.S. Industrial Production Rises Less Than Expected In January

(RTTNews) - Industrial production in the U.S. saw a modest increase in the month of January, according to a report released by the Federal Reserve on Wednesday, with the uptick partly reflecting a significant rebound in utilities output.

The report said industrial production edged up by 0.2 percent in January after dipping by a revised 0.3 percent in December.

Economists had expected production to rise by 0.3 percent compared to the 0.1 percent drop originally reported for the previous month.

Additionally, the Fed said capacity utilization came in at 79.4 percent in January, unchanged from the revised figure for December.