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January 19, 2021

Industrial production jumps 1.6% in December

  • Output is still about 3.3% below its level in February before the pandemic hit.
  • By MATT OTT
    AP Business Writer

    SILVER SPRING, Md. — U.S. industrial production rose 1.6% in December, a third straight monthly gain, but remains below its pre-pandemic level.

    The December gain in industrial output followed a 0.5% increase in November and a 1% increase in October, the Federal Reserve reported Friday. Even with those gains, industrial output is still about 3.3% below its level in February before the pandemic hit.


     
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