Industrial Production Rises 0.9%

Industrial production rose 0.9% in January, the Federal Reserve said Wednesday.

The increase was greater than economists’ forecasts of a 0.7% gain, Bloomberg reported.

The decline in production at factories, mines and utilities followed a revised 0.7% increase in December.

The share of industrial capacity in use grew to 72.6% from 71.9% the previous month. The increase matched economists’ forecasts.

The factory sector is one of trucking’s largest and most important customers.