With an increase in manufacturing output offset by declines in mining and utilities output, the Federal Reserve released a report on Wednesday showing that U.S. industrial production unexpectedly came in unchanged in the month of January.
The report showed that industrial production was flat in January following an upwardly revised 1.0 percent increase in December. Economists had expected production to increase by 0.7 percent compared to the 0.4 percent growth originally reported for the previous month.
The Fed also said that capacity utilization edged down to 78.5 in January from a revised 78.6 percent in the previous month. Capacity utilization had been expected to rise to 78.6 percent from the 78.1 percent that had been reported for December.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.