Industrial production decreased 0.3 percent in January
Industrial production decreased 0.3 percent in January following a 0.6 percent increase in December.
In January, manufacturing output moved up 0.2 percent, and mining output jumped 2.8 percent.
Although the output of motor vehicles and parts decreased 2.9 percent, production elsewhere in manufacturing moved up 0.5 percent. The production of durables edged down, but most of its components other than motor vehicles and parts recorded gains; machinery manufacturing registered the biggest advance. The index for nondurables rose 0.6 percent, as increases of 1 percent or more were posted by textile and product mills, by petroleum and coal products, and by chemicals.