Industrial Production increases in February

Industrial production increased 0.5% in February after increasing 1.4% in January. Total commercial production in February was 7.5% greater than its year-earlier level, however extreme winter season weather condition in February 2021 substantially reduced commercial activity that month. A better contrast reveals that the index has actually advanced a still-strong 4.2 percent because January 2021.

Manufacturing output increased 1.2% in February. The indexes for long lasting and nondurable production went up 1.3 percent and 1.1 percent, respectively, while the output of other production (publishing and logging) moved down 0.4 percent. The output of energies reduced 2.7%, while the index for mining was bit altered in February.

Read the Fed release.


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