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Posted February 17, 2016

Industrial production gained in January

Industrial production increased 0.9 percent in January after decreasing 0.7 percent in December.


Manufacturing output rose 0.5 percent in January, with increases of about 1/2 percent both for nondurables and durables and a small decrease for other manufacturing (publishing and logging). Within nondurables, the largest gains, about 1 percent, were posted by food, beverage, and tobacco products and by chemicals, while the largest decreases, about 2 percent, were recorded by apparel and leather and by printing and support. Results for the major durable goods industries were spread between a drop of 1.3 percent for electrical equipment, appliances, and components and a gain of 2.8 percent for motor vehicles and parts. Within mining, substantial decreases for oil and gas well drilling and servicing, for coal mining, and for nonmetallic mineral mining were offset by increases for oil and gas extraction and for metal ore mining.

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