February industrial production edges up
Industrial production edged up 0.1% in February after declining 0.5% in January, the Federal Reserve reported.
In February, the output of manufacturing rose 0.8% and the index for mining climbed 2.2%. Both gains partly reflected recoveries from weather-related declines in January.
The index for utilities fell 7.5% in February because of warmer-than-typical temperatures. At 102.3% of its 2017 average, total industrial production in February was 0.2% below its year-earlier level.
Capacity utilization for the industrial sector remained at 78.3% in February, a rate that is 1.3 percentage points below its long-run (1972–2023) average.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Kimball Midwest. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Mike Marks, as well as interviews with numerous product and distribution industry experts.
