Economists polled by Reuters had expected a 1.5% decline in January after a revised 2.4% drop the month before, initially reported as a 2% decline.
"A plunge in motor vehicle and parts production that resulted from extended plant shutdowns subtracted more than 1 percentage point from the change in manufacturing production," the central bank said.
Industrial Production
GM, Chrysler plan buyouts
New factory orders fall 3.9%
