Industrial Production Bounces Back

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Industrial production grew by 0.7 percent in February, with all of the strength coming from a big pickup in output at utilities. Factory production was flat.


The sharp increase reported for overall industrial activity by the Federal Reserve on Friday came after a 0.3 percent dip in January. January’s drop reflected a huge decline in production at gas and electric utilities due to unusually warm weather. The 7.9 percent increase in utility output registered in February came with the return of colder, more-normal winter weather, the Fed said.


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