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Industrial production and capacity utilization data for December 2022 are now available.
Industrial production decreased 0.7% in December and 1.7% at an annual rate in the fourth quarter.
In December, manufacturing output fell 1.3% amid widespread declines across the sector.
The index for utilities jumped 3.8%, as cold temperatures boosted the demand for heating, while the index for mining moved down 0.9%.
At 103.4% of its 2017 average, total industrial production in December was 1.6 % above its year-earlier level.
Capacity utilization dropped 0.6 percentage points in December to 78.8 %, a rate that is 0.8 percentage points below its long-run (1972–2021) average.