Industrial Production Unchanged in February

Industrial production was unchanged in February after decreasing 0.1% in January. Over the last year, industrial production was up 0.3%.

Manufacturing output increased 0.5% in February, the same increase as January. Production of durable goods rose 0.6%, while nondurables rose 0.4% during the month. Capacity utilization for manufacturing increased by 0.3 percentage point to 75.6%, a rate that is 2.8 percentage points below its long-run average.

The mining index increased 2.7% in February as most mining industries posted increases.

The utilities index fell 5.7% in February, largely because unseasonably warm weather reduced the demand for heating.

Read the Fed release.

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