iStock.com/genkur
Industrial production increased 0.2% in February compared to the first month of the year, according to the latest report on production and capacity utilization from the Federal Reserve.
The industrial production index registered 102.6 last month compared to 102.4 in January. February’s index was up 1.4% year-over-year.
Of that segment, manufacturing output was also up 0.2% last month. Durable manufacturing output was up 0.1% with the strongest increase in the auto sector and the largest decline in machinery; chemicals, plastic and rubber, and paper were among the strongest categories in nondurable output, which was up 0.2%.
The capacity utilization rate remained flat at 76.3%.
