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Posted March 18, 2014

Industrial production rises

Industrial production increased 0.6 percent in February after having declined 0.2 percent in January.


Manufacturing production recorded an increase of 0.8 percent after a 0.9 percent decrease in January. Much of the swing in the rates of change for production in January and February reflected the depressing effects on output of the severe weather in January and the subsequent return to more normal levels of production in February. The level of factory output in February was 1.5 percent above its year-earlier level. Capacity utilization for manufacturing moved up 0.5 percentage point in February to 76.4 percent, a rate 2.3 percentage points below its long-run average.

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