US Factory Output Increased in February for a Second Month
- Manufacturing production gain of 0.1% followed 1.3% advance
- Results were mixed with business equipment output fallling
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Output at US factories increased unexpectedly in February for a second month, representing a respite for a manufacturing sector that has been sluggish amid rising economic uncertainty.
The 0.1% gain in factory production last month followed an upwardly revised 1.3% advance in January, according to Federal Reserve data released Friday. Including mining and utilities, total industrial output was unchanged in February.