Following a sequential rise of 0.2% in November (revised from an initial estimate of 0.1%), US industrial production rose by 0.9% the following month, according to the Fed.

The Fed notes that 'higher aircraft and parts production contributed 0.2 percentage points to this growth following the resolution of a work stoppage at a major aircraft manufacturer (i.e. Boeing)'.

Also according to the Federal Reserve, the capacity utilization rate in US industry improved by 0.6 points to 77.6% in December, a level still 2.1 points below its long-term average (1972-2023).

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