Factory Production in U.S. Rose in February for a Second Month
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Factory production rose in February for a second month, boosted by demand for business equipment and indicating U.S. manufacturing may be starting to stabilize.
The 0.2 percent increase in output followed a 0.5 percent gain in January, data from the Federal Reserve showed Wednesday. It marked the first back-to-back advance since March-April 2015. Total industrial production dropped 0.5 percent as utility output plunged by the most since March 2007.