US industrial production rose modestly in February, lifted by a second month of gains in manufacturing and mining output.
The 0.2% increase in production at factories, mines and utilities followed a a 0.7% advance a month earlier, Federal Reserve data showed Monday. The median estimate in a Bloomberg survey of economists was a 0.1% increase.
Manufacturing output, which accounts for three-fourths of total industrial production, rose 0.2% on a pickup in motor vehicle assemblies. Mining and energy extraction increased 0.8%, while output at utilities fell for the first time in three months.
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