US manufacturing output rises marginally in February

WASHINGTON, March 16 (Reuters) – U.S. 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.

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.

(Reporting by Lucia ​Mutikani; Editing by ​Andrea Ricci)

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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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