Industrial Production Flat; February Capacity Use Off

Industrial production was unchanged in February after a revised 0.4% jump in January, while capacity use slid to 78.7% from a revised 78.8%, the Federal Reserve reported Friday.

The January production level was initially reported as flat, while the capacity utilization rate was first seen at 78.5%.

Economists polled by Thomson Reuters expected production to rise 0.4% and 78.8% capacity use. Mine production dropped 1.2% in February. Mines ran at 90.5% of capacity, down from 91.6% in January.

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