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Industrial production down slightly in January

The Federal Reserve's monthly report shows industrial production last month was down slightly from December but up 5 percent from a year ago.

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This chart shows industrial production from July 2006 through January 2011. With the exception of December 2010, January's level of production is the highest since late 2008.

Today, the released their showing a slight decline with total industrial production dropping 0.06% from December and remaining 5.15% above the level seen in January 2010.

This report appears to indicate there December brought another notable improvement bucking the recent weakening trend and likely indicating that the expansion will continue.

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