US Edition
US Industrial Production Increases on Factory, Mining Output
Manufacturing, driven by motor vehicles and electrical equipment, rose 0.2% as mining increased 0.8%, while utilities output declined, Federal Reserve data showed.
- US industrial production grew by 0.2% in February following a 0.7% increase in January, driven by gains in manufacturing and mining output according to Federal Reserve data.
- Manufacturing output rose 0.2%, boosted by increased motor vehicle assembly and higher production of electrical equipment and computers.
- Mining and energy extraction increased 0.8%, while utility output declined 0.6%, mainly due to a drop in natural gas output from mild temperatures.
10 Articles
10 Articles
US industrial production rises 0.2% in February compared with January, capacity utilisation remains stable at 76.3%
The Corner Link Securities | According to the Federal Reserve, industrial production in the US rose by 0.2% in February compared with January, slightly less than the 0.3% expected by the consensus of FactSet analysts. Meanwhile, manufacturing output grew by 0.2% in February compared with January, a figure in line with analysts’ expectations. Similarly, mining output rose by 0.8% over the month, whilst utility output fell by 0.6%, with electricit…
Market Consensus Link Securities According to the Federal Reserve (Fed), industrial production increased in the US by 0.2% in February relative to January, somewhat less than the 0.3% expected by the consensus of FectSet analysts. On the other hand, production in the manufacturing sector grew by 0.2% in February relative to January, reading in this case in line with what analysts expected. Likewise, mining production increased by [...]
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