US industrial production up 0.1% in Feb, manufacturing output up 0.8%
17 Mar 24 1 min read
At 102.3 per cent of its 2017 average, total industrial production in February was 0.2 per cent below its year-earlier level.
Capacity utilisation for the industrial sector remained at 78.3 per cent in February, a rate that is 1.3 percentage points below its long-run (1972–2023) average.
The output of most major market groups moved up in February. An exception was the index for consumer goods, which declined by 1.4 per cent.
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- US import prices up 0.9% in Apr 2024; export prices up 0.5%
- OECD unemployment rate stable at 4.9 per cent in March 2024
- French unemployment rate stable at 7.5% in Q1 2024: INSEE
Within materials, all market groups posted gains except energy materials, the output of which fell by 0.2 per cent, a Fed release said.
Capacity utilisation for manufacturing increased by 0.6 percentage point to 77 per cent in February, a rate that is 1.2 percentage points below its long-run average.
Fibre2Fashion News Desk (DS)
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