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America   Manufacturing production increased

U.S. industrial production flat in February, utilities' output falls

U.S. industrial productionIndustrial production in the States was unchanged in February as gains in manufacturing and mining production offset a drop in utilities output.

Total U.S. industrial production was flat month-on-month (consensus: 0.2%) in the States in February and higher by 0.3% year-on-year, according to the Federal Reserve.

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By major market groups, final products output was flat versus January (consumer goods: -0.4%, business equipment: 0.7%) while that of non-industrial supplies gained 0.3% and within that output in construction higher by 1.3%. Output of materials dipped 0.1%.

Looking at major industry groups, manufacturing production increased 0.5% on the month (consensus: 0.3%), mining rose bny 2.7% and that of utilities shrank 5.7%.

Gains in manufacturing were led by increases in the production of nonmetallic mineral products, fabricated metal products and machinery of over 1% in each case. Factory output was 1.2% ahead year-on-year in February.

Industrial capacity use ran at 75.4% in February, down by a tenth of a percentage point on the previous month and up by six tenths in comparison to a year ago.

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