Thursday, January 18, 2007

Forex News: 18.01.2007 U.S. December industrial production rises 0.4%

U.S. industrial production rose by a stronger-than-expected 0.4% in December, as the high-technology and motor-vehicle industries posted strong output for the month.

Output in November was revised to a decrease of 0.1%, down from the initial estimate of a 0.2% gain.

Manufacturing output rose by 0.7% in December after being flat in November.

Over the past year, industrial production has risen 3%.

The increase was greater than expected. Economists had expected production would be flat in December.


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