US industrial production increases more than forecast in February

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US industrial production increases more than forecast in February
Photo: Rogelio V. Solis/AP/TT

The increase was lower than January's increase of 0.7 percent but higher than the average forecast among economists, according to Bloomberg. The average forecast for February was 0.1 percent.

Manufacturing production, which accounts for three-quarters of total industrial production, increased by 0.2 percent in February.

The mining and energy sector increased by 0.8 percent, while other output in public utilities fell by 0.6 percent.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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