The pace of US industrial production growth slowed in February, following a 0.6% decline in the utilities sector, according to data released Monday by the Federal Reserve.
This deceleration coincided with a slowdown in mining sector output growth to 0.8% in February, down from a 0.9% increase previously. Meanwhile, manufacturing output edged up by 0.2%.
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US industrial production in February |
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Metric |
Estimates |
Previous Reading |
Current Reading |
Change |
|
Monthly output |
- |
+0.7% |
+0.2% |
(0.5%) |
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