Industrial Production in U.S. Probably Increased in January

Industrial production accelerated in January, indicating manufacturing will remain at the forefront of the U.S. economic expansion.

Output at factories, mines and utilities rose 0.7 percent, the biggest gain in six months, according to the median estimate of 81 economists surveyed by Bloomberg News. Manufacturing in the New York region picked up this month and homebuilder confidence climbed to the highest level since mid-2007.