Economics
U.S. Factory Output Exceeds Forecast, Rises Most in Four Months
- February’s 1.2% jump reflected broad gains across industries
- Capacity at manufacturers climbed to 78%, highest since 2018
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Production at U.S. factories rose in February by the most in four months, indicating firmer momentum in a manufacturing sector still challenged by supply constraints and higher costs.
The 1.2% increase followed a revised 0.1% gain in January, Federal Reserve data showed Thursday. Total industrial production, which also includes mining and utility output, rose 0.5% last month.