US manufacturing output rises marginally in February

WASHINGTON: US factory production increased marginally in February as strength in motor vehicle output ‌was ⁠offset ⁠by weakness in machinery, data showed on Monday.

Manufacturing output rose 0.2% last month after ⁠an upwardly revised ‌0.8% gain in January, ⁠the Federal Reserve said.

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Economists polled ​by Reuters had ​forecast production for the sector, which accounts for 10.1% ‌of the economy, rising 0.1% after ​a ​previously ⁠reported 0.6% rise in January. Production at factories advanced ​1.3% year-on-year in February.



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