The Federal Reserve reported industrial production rose 0.6% in February, rebounding from a 0.5% in January to beat the consensus forecast. The forecast range was a low of -0.4% to a high of 0.7%, with a consensus 0.4%.
Manufacturing output ticked up 0.1% excluding a large gain for motor vehicles and parts and a large drop for civilian aircraft. Factory output was unchanged. The forecast range was a low of -0.5% to a high of 0.5%, with a consensus 0.2%.
The index for mining fell 1.5%, but the index for utilities soared 7.1%, as unseasonably warm temperatures in January returned to typical levels.
At 109.6% of its 2012 average, the level of total industrial production in February was unchanged from a year earlier.
Capacity utilization for the industrial sector increased 0.4 percentage point in February to 77.0%, a rate that is 2.8 percentage points below its long-run (1972–2019) average.
The forecast range was a low of 76.5% to a high of 77.5%, with a consensus 77%.
The most damning journalistic sin committed by the media during the era of Russia collusion…
The first ecological study finds mask mandates were not effective at slowing the spread of…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…
Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…
Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…
This website uses cookies.