The nation's industrial production rebounded in January, rising by 0.8 percent, in what analysts viewed as an encouraging sign that the industrial sector's recovery is on track.
The increase in output at the nation's factories, mines and utilities came after industrial production was flat in December, the Federal Reserve reported Tuesday. While unhappy about that, economists were still hopeful that the lackluster performance seen in December was a temporary rough patch and that activity would bounce back in January.