Industrial production rises in January

Filed under: Daily News | Tags:

The Associated Press

WASHINGTON _The nation’s industrial output posted a modest increase in January as strength at utilities offset weakness in manufacturing and mining.

The Federal Reserve reported Friday that industrial production rose by 0.1 percent in January, matching the December increase. The slight January gain was in line with economists’ expectations.

Manufacturing output was flat last month, the poorest showing in three months, as factories are feeling the effects of a significant economic slowdown that has raised worries that the country is slipping into a recession.