Industrial Production Up in January
In December, manufacturing and mining activity actually fell, but weather-related gains in utility production offset that decline. In January, manufacturing led with a 1.0 percent increase, reversing a 0.1 percent loss in December. That followed a 0.1 percent decline in October and a 1.0 percent gain in November. It was the largest increase since manufacturing activity grew by 1.2 percent in August 2009.
These frequent swings from positive to negative represent a typical pattern during a slow economic recovery, according to economists.
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