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U.S. industrial production edges up 0.1 pct in February

Xinhua, March 16, 2015 Adjust font size:

The U.S. industrial production, an indicator of mines, factories and utilities output, edged up 0.1 percent in February after falling for two months running, the Federal Reserve reported on Monday.

The Fed revised January' s growth down to a negative 0.3 percent from its previous estimate of a 0.2 percent increase.

The manufacturing output, the largest component of the overall industrial production, remained soft in recent months. It went down 0.2 percent in February, the third consecutive monthly decline.

The production for mining fell 2.5 percent, which was attributed to the drops in coal mining as well as oil and gas well drilling and servicing.

The output of utilities jumped 7.3 percent, as cold temperatures drove up demand for heating, said the Fed.

The capacity utilization for total industry, a main gauge of industrial efficiency, decreased to 78.9 percent, 1.2 percentage points lower than its long-run average. Endi