By PAUL WISEMAN, AP Economics Author
WASHINGTON (AP) — American trade expanded for the fourth consecutive month in January, however it has but to return to the extent of exercise that preceded the pandemic.
U.S. industrial manufacturing — which incorporates output factories, mines and utiliites — rose 0.9% final month on high of will increase of 1.3% in December, 0.9% in November and 1.1% in October, the Federal Reserve reported Wednesday. Nonetheless, industrial manufacturing was down 1.8% from January 2020, reflecting lingering financial injury from the coronavirus pandemic.
Manufacturing rose 1% although auto manufacturing was held down by a scarcity of semiconductors utilized in autos.
Mining jumped 2.3% on a burst of oil and gasoline drilling.
Utility output dropped 1.2% on declining manufacturing of pure gasoline.
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