Output at U.S. factories rose in January by the most in nearly a year, suggesting improving supply chains and firmer demand are offering some relief for a still-challenged manufacturing sector.
The 1 percent increase last month in factory production—the most since February 2022—followed a downwardly revised 1.8 percent decline in December, according to Federal Reserve data released Wednesday. Including mining and utilities, total industrial output was unchanged in January, restrained by unseasonably warm weather that depressed demand for heating.
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