The Wall Street Journal
February 14, 2014
The nation’s industrial output is the latest economic measure to skid off course this winter.
Unusually cold weather in January chilled factories’ output and froze up some mining operations, but boosted utility consumption as Americans huddled for warmth. Total industrial production fell a seasonally adjusted 0.3% in January, the Federal Reserve said Friday. It was the first decline for the reading since July.
The unexpected drop was “partly because of the severe weather that curtailed production in some regions of the country,” the central bank said. Manufacturing output, the largest component of industrial production, fell 0.8% in January.
This article was posted: Friday, February 14, 2014 at 2:34 pm