Industrial Production Rose 0.7% in February

Washington, DC, March 18, 2025-Industrial production (IP) increased 0.7% in February after moving up 0.3% in January, according to the Federal Reserve. 

Manufacturing output rose 0.9%, boosted by a jump of 8.5% in the index for motor vehicles and parts. The output of manufacturing excluding motor vehicles and parts increased 0.4%. The index for mining gained 2.8%, and the index for utilities decreased 2.5%. At 104.2% of its 2017 average, total IP in February was 1.4% above its year-earlier level. Capacity utilization stepped up to 78.2%, a rate that is 1.4 percentage points below its long-run (1972–2024) average.