Industrial Production Edges Up in February

Capacity utilization also moves up.
Industrial production edged up 0.1% in February following a gain of 0.9% in January. Production was likely held down somewhat by winter storms in the Northeast.
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Manufacturing decreased 0.2% in February, with mixed results among its major industries. The output of mines rose 2.0%, while the index for utilities rose 0.5%.
 
At 101% of its 2002 average, industrial output in February was 1.7% above its year-earlier level. Capacity utilization for total industry moved up 0.2 percentage point to 72.7%, a rate 7.9 percentage points below its average from 1972 to 2009.

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