A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington.
Stephen Brashear | Getty Images
U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities andslowed production of civilian aircraft, the Federal Reserve said on Friday.
The Fed said manufacturing production fell 0.1% in January, matching forecasts, but December’s manufacturing output was revised lower to a 0.1% gain from a previously reported 0.2% gain.
Overall industrial output for December was revised downward to a 0.4% reduction from a previously reported 0.3% drop.
Economists polled by Reuters had forecast industrial output would fall 0.2% in January, with manufacturing output forecast to be down 0.1%. On an annualized basis, production at factories fell 0.8% in January, mirroring the annualized drop in overall industrial production.
Production of aerospace and miscellaneous transportation equipment fell 7.4% in January after a 0.5% increase in December, the Fed said. The drop reflects Boeing’s halt this year of its…