US Industrial Production Increases on Factory, Mining Output
A worker assembles a vehicle on the production floor at an electric vehicle manufacturing facility in Ellabell, Georgia.
Photographer: Elijah Nouvelage/BloombergUS industrial production rose modestly in February, lifted by a second month of gains in manufacturing and mining output.
The 0.2% increase in production at factories, mines and utilities followed a a 0.7% advance a month earlier, Federal Reserve data showed Monday. The median estimate in a Bloomberg survey of economists was a 0.1% increase.