Industrial production edged up 0.1% in February after a small upward revision to down 0.4% in January (previously down 0.6%). In February, a 0.4% decline in manufacturing output was more than offset by a 0.3% rise in mining and 3.7% jump in utilities output during a bitter cold snap. Industrial activity is off to a slower start in 2019.
Durables manufacturing was down 0.4% in February and nondurables were down 0.7%. Motor vehicle and parts output was off 0.1% in the month, but still better than the 7.6% drop in the prior month. Excluding manufacturing, total output was up 0.2%.
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