FX.co ★ US Industrial Output Rises More than Expected

Industrial production in the United States increased by 0.7% month over month in January 2026, the strongest gain since February and above market expectations of a 0.4% rise. Manufacturing output grew by 0.6%—also the largest increase since February and higher than the anticipated 0.4%—with broad-based advances across industry groups. By contrast, mining output fell 0.2%, following a 0.9% decline in December, while utilities output rose 2.1%. Capacity utilization climbed to 76.2%, which remains 3.2 percentage points below its long-run average for the 1972–2025 period.