WASHINGTON — Industrial production rose 0.6% in February, the Federal Reserve reported Monday.
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The production gain followed a 0.2% decline in January, originally reported as a 0.3% decrease.
Capacity utilization inched up to 78.8% from an unrevised 78.5% in January.
Economists polled by Thompson Reuters projected a 0.1% increase in industrial production and a 78.6% capacity utilization rate.
Manufacturing output was up 0.8% in February following a 0.9% decrease the previous month.
Utilities' output fell 0.2% in February after climbing 3.8% the previous month.
