US Industrial Production Increases on Factory, Mining Output (2)

US industrial production rose modestly in February, lifted by a second month of gains in manufacturing and mining output.

The 0.2% increase in production at factories, mines and utilities followed a a 0.7% advance a month earlier, Federal Reserve data showed Monday. The median estimate in a Bloomberg survey of economists was a 0.1% increase.

Manufacturing output, which accounts for three-fourths of total industrial production, rose 0.2% on a pickup in motor vehicle assemblies. Mining and energy extraction increased 0.8%, while output at utilities fell for the first time in three months.

There have been ...