NEW YORK - 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 originally reported at 78.5%.
Economists polled by Thomson Reuters expected production to rise 0.4% and 78.8% capacity use.
Production at mines dropped 1.2% in February. Mines ran at 90.5% of capacity, down from 91.6% the previous month.
Production at utilities was flat in February, after a 2.2% decline in January. Utilities ran at 74.3% of capacity, down slightly from 74.4% in January.
Motor vehicle and parts production declined 1.1% in February, following an 8.6% surge on January. Excluding motor vehicles and part, manufacturing production grew 0.4% in the month.
