US Industrial Production Sees Gains Amid Colder Weather Conditions

In a promising turn for the U.S. economy, industrial production recorded a notable increase in January, primarily spurred by a surge in utilities output due to unseasonably cold temperatures. The Federal Reserve reported that industrial output rose by 0.4%, exceeding the expectations of economists who had predicted a modest increase of 0.3%. This uptick marks a significant recovery after December's figures showed a decline of 0.5% in production.

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