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Industrial production was unchanged in January, as a gain of 0.7 percent in manufacturing was offset by declines in mining and utilities. Within manufacturing, the index for motor vehicles and parts jumped 6.8 percent and the index for other manufacturing industries increased 0.3 percent. Total industrial production is now reported to have advanced 1.0 percent in December; the initial estimate had been an increase of 0.4 percent. This large upward revision reflected higher output for many manufacturing and mining industries. At 95.9 percent of its 2007 average, total industrial production in January was 3.4 percent above its level of a year earlier. Wood Products output shrank by 1.5 percent but Paper output rose by 0.7 percent.
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The capacity utilization rate for total industry decreased to 78.5 percent, a rate 1.8 percentage points below its long-run (1972--2011) average. Changes in Wood Products and Paper capacity utilization were split: respectively, -1.4 and +0.8 percent.
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Capacity at the all-industries and manufacturing levels crept higher (0.1 percent); By contrast, Wood Products and Paper both dropped by 0.1 percent.
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