Industrial Production Unch, Capacity Use at 75.4% in Feb.

Industrial production was flat in February, the Federal Reserve reported Friday.

The flat reading followed a revised 0.1% decline in January, first reported as a 0.3% decrease.

Capacity utilization fell to 75.4% in February from a revised 75.5%, first reported as 75.3%, the previous month.

Economists polled by Thomson Reuters projected a 0.3% increase for industrial production and a 75.5% capacity utilization rate.

Manufacturing output was up 0.5% in February, following a 0.5% gain in January.

Utilities' output fell 5.7% after decreasing 5.8% in January, while mining was up 2.7% after a 2.2% gain the month before.

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