U.S. Industrial Production Rose 0.8% In December
(For December 2010)
U.S. industrial production rose 0.8% in December. The consensus was at 0.5%, November revised (down 0.1%) reading was at 0.3%. On year level industrial production is up 5.9%.
Chart 1. U.S. Industrial Production
Capacity utilization rose to 76.0%. November reading was revised to 75.4% ( from 75.2%); Consensus was at 75.6%.
Chart 2. Capacity Utilization
Small positive surprise in both industrial production and capacity utilization.