17 January 2001, 17:19  US Industrial Output-OVERVIEW

--US December industrial output -0.6%; manufacturing -1.1%
--US industrial output: first quarterly decline since Jan-March 1991
--US December factory output ex-autos -0.9%; auto output -5.0%
--US capacity use: Dec 80.6%; November revised to 81.4% from 81.6%
--US December capacity use lowest since June 1998
--US December utilities output +6.5%; mining +0.3%
--US December business equipment output -0.4%; materials -1.0%
--US December consumer goods output unchanged; construction supplies
-2.1%
--US November industrial output revised to -0.3% from -0.2%
By Shihoko Goto, BridgeNews
Washington--Jan. 17--Following in the footsteps of the worst manufacturing data in nearly a decade reported earlier this month, December's U.S. industrial production dropped 0.6%, below expectations of a 0.4% decrease. It marks the third consecutive month of decline, a negative quarterly reading which was last seen in the January-March quarter of 1991. The U.S. capacity utilization rate fell to 80.6%, below forecasts of 81.0% and November's revised rate of 81.4%.

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