US Industrial Production Up 0.8 percent in December

Industrial production in the U.S. rose in December more than forecast, boosted by gains in business equipment and home electronics that indicate factories remain at the forefront of the recovery as the new year begins. Output at factories, mines and utilities climbed 0.8%, the most in five months, after a revised 0.3% increase in November, figures from the Fed showed today in Washington. – Bloomberg

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