| Industrial production in the United States observed a monthly increase of 0.2% in February, the Federal Reserve's Board of Governors said in its report issued on Monday. Compared to a year ago, industrial output rose by 1.4%.
Manufacturing output climbed by 0.2% on a monthly level in the second month of the year and improved by 1.3% on an annual level. Mining advanced 0.8% compared to the previous month and jumped by 1.4% on an annual basis. Utilities slowed down by 0.6% when compared to January and increased 2.5% to February 2025.
Capacity utilization remained unchanged at 76.3%, which is 3.1 percentage points below its long-run average. On an annual basis, it expanded by 1.4%. |