Industrial output flat in February, held down by utility production

• March 17, 2017
• realestate
• Business & Markets, Real Estate Finance

Manufacturing output gained 0.5% in February, the sixth straight monthly increase. Economist had expected a 0.3% rise in output in February. This followed a revised 0.1% decline in January, a bit faster than the original reading of a 0.3% decline. Industrial output has been in an up-and-down pattern since last fall. Compared with the same period of 2015, total production is up a slim 0.3%.