Industrial Production Inched Up 0.1% in February
Washington, DC, March 15, 2019-Industrial production edged up 0.1% in February after decreasing 0.4% in January, according to the Federal Reserve.
Manufacturing production fell 0.4% in February for its second consecutive monthly decline.
The index for utilities rose 3.7%, while the index for mining moved up 0.3%. At 109.7% of its 2012 average, total industrial production was 3.5% higher in February than it was a year earlier. Capacity utilization for the industrial sector edged down 0.1 percentage point in February to 78.2%, a rate that is 1.6 percentage points below its long-run (1972–2018) average.