Experimental feature

Listen to this article

00:00
00:00
Experimental feature

US industrial production unexpectedly shrank in January declining by the most in four months.

Industrial production — a measure of everything made by factories, mines and utilities —declined 0.3 per cent in January from the previous month when it climbed a downwardly revised 0.6 per cent, according to data from the Federal Reserve. That compared with economists’ expectations for output to remain flat.

The decline was led by a 5.7 per cent drop in output by utilities, while manufacturing — which, has in the past been weighed down by the strength in the US dollar and a slump in crude prices — remained unchanged.

Get alerts on US economy when a new story is published

Copyright The Financial Times Limited 2018. All rights reserved.

Comments have not been enabled for this article.

Follow the topics in this article