Industrial production increases with profits in manufacturing, mining



  An employee welds a board at an industrial clothing rack at Staber Industries in Groveport, Ohio.

Ty Wright | Bloomberg | Getty Images

An employee welds a board at an industrial clothing rack at Staber Industries in Groveport, Ohio.

U.S. Industrial production rose 1.1 percent in February, the largest increase in four months, due to a rebound related to construction climate and an increase in production from the oil and gas fields and mines.

Manufacturing production rose 1.2 percent, the biggest gain since October, the Federal Reserve said in its monthly report.

Economists surveyed by Reuters had predicted a 0.3 percent increase in industrial production. January production was revised down to 0.3 percent from the previous 0.1 percent drop.

The measurement of the industrial sector of the central bank of EE. UU It includes manufacturing, mining and electrical and gas services.

driven by a 2.3 percent increase in construction supplies and a recovery in commercial equipment production, which had stagnated in the previous three months.

The utility index fell almost 5 percent.

Manufacturing production rose 1.2 percent and mining production rose 4.3 percent.

In the 12 months to February global industrial production increased by 4.4 percent.

The percentage of industrial capacity in use increased by 0.7 percentage points, the highest since January 2015.


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