WASHINGTON (AP) — Industrial production rose 0.6 percent in December as unusually cold weather helped energy utilities helped offset a small drop in manufacturing. It is the sixth straight monthly gain.
The mixed picture shows that economic recovery remains uncertain, as consumers and businesses did not spend enough to spur the production of more factory goods. The report from the Federal Reserve Friday is in line with economists’ expectations.
Electric and gas utilities increased by 5.9 percent and mines by 0.2 percent. Manufacturers produced 0.1 percent less than in November as construction and durable consumer goods lost ground.