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US industrial output down 0.1 percent in February
(MENAFN) The Federal Reserve said that US industrial production, an indicator of mines, factories and utilities output, edged up 0.1 percent in February after falling for two months in a row, Xinhua reported.
The manufacturing output, the largest component of the overall industrial production, remained soft in recent months. It went down 0.2 percent in February, the third consecutive monthly decline.
The production for mining fell 2.5 percent, attributed to the drops in coal mining and oil. The output of utilities jumped 7.3 percent, as cold temperatures drove up demand for heating, said the Fed.
The manufacturing output, the largest component of the overall industrial production, remained soft in recent months. It went down 0.2 percent in February, the third consecutive monthly decline.
The production for mining fell 2.5 percent, attributed to the drops in coal mining and oil. The output of utilities jumped 7.3 percent, as cold temperatures drove up demand for heating, said the Fed.
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