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In The News:

Industrial Production Up 0.6% in February

Industrial production increased 0.6 percent in February after having declined 0.2 percent in January, according to the Federal Reserve.

In February, manufacturing output rose 0.8 percent, nearly reversing the decline of 0.9 percent in January. The gain in factory production in February was the largest since last August.

The output of utilities dropped 0.2 percent in February, while the production at mines increased 0.3 percent.

At 101.6 percent of its 2007 average, total industrial production in February was 2.8 percent above its level of a year earlier. The capacity utilization rate for total industry increased in February to 78.8 percent, a rate 1.3 percentage points below its long-run (1972–2013) average.

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