U.S. Industrial Output Outpaces Forecasts
Economists had anticipated a modest 0.1% monthly gain, making the actual figure four times stronger than expected.
Year-over-year comparisons showed even more impressive momentum, with production jumping 2% higher than December 2023 levels, the Fed reported.
The manufacturing sector contributed solid gains, posting a 0.2% monthly advance following November's 0.3% uptick.
Factory capacity utilization demonstrated parallel strength, rising by 0.2 percentage points to reach 76.3%—a figure that similarly exceeded the 76% threshold analysts had predicted.
November's utilization rate registered at 76.1%, according to the latest statistics.
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