Industrial Production Up 0.1%, Capacity Use at 78.9% in February

Industrial production gained 0.1% in February, the Federal Reserve reported Monday.

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The production increase followed a revised 0.3% decrease in January, first reported as a 0.2% rise.

Capacity utilization slid in February to 78.9% from a revised 79.1% the previous month, first reported as 79.4%.

Economists polled by Thompson Reuters projected a 0.2% increase for industrial production and a 79.5% capacity utilization rate.

Manufacturing output was down 0.2% in February following a revised 0.3% decrease in January, first reported as a 0.2% gain.

Utilities' output climbed 1.3% in February after climbing a revised 7.3% in January, first reported as a 3.3% rise.


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