Industrial production in the US fell 0.1 percent in December for the first time since September, according to Fed data. The median estimate of economists surveyed by Bloomberg was 0.2 percent. Industrial production had increased 0.5 percent in the previous month.
Capacity utilization was 76.5%, the expectation was 77 percent. The previous month's data was revised from 76.8% to 76.6%.
Manufacturing industry production, on the other hand, decreased by 0.3 percent, while an increase of 0.3 percent was expected.
It is stated that as supply chain problems continue, the manufacturing sector will continue to have difficulties in meeting strong demand.
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