MetroIntelligence Economic Update by P. DUFFY

January industrial production declined 0.6 percent from December, but up 3.8 percent year-on-year

Industrial production sank 0.6% in January, the first drop in eight months.  Still, at 109.4 percent of its 2012 average, total industrial production was 3.8 percent higher in January than it was a year earlier. Capacity utilization declined 0.6 percentage point to 78.2% in January, the lowest level since last July.

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November business inventories slipped slightly from October. but up 4.6 percent year-on-year

November business inventories were down 0.1 percent from October 2018, but were up 4.6 percent from November 2017. Similarly, business sales were down 0.3 percent from October 2018, but up 4.2 percent from November 2017.  

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