Industrial production rose 0.9% in January, the Federal Reserve said Wednesday.
The increase was greater than economists’ forecasts of a 0.7% gain, Bloomberg reported.
The decline in production at factories, mines and utilities followed a revised 0.7% increase in December.
The share of industrial capacity in use grew to 72.6% from 71.9% the previous month. The increase matched economists’ forecasts.
The factory sector is one of trucking’s largest and most important customers.
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