US industrial production in January fell by 0.3%

According to the US Federal Reserve, the volume of industrial production in the United States in January decreased by 0.3% compared to the previous month. Analysts polled by Reuters expected a 0.2% drop.

The value for December was revised: the decrease in industrial production in the country in the reporting month is estimated at 0.4% in monthly terms against the previous estimate of 0.3%.

The US industrial production index is one of the key indicators of the economy, reflecting the physical volume of products manufactured by American companies.