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US manufacturing output ticks up in February
Abstract：WASHINGTON (Reuters) – Production at U.S. factories edged up in February and output in the prior month was stronger than previously thought, but manufacturing continues to struggle under the weight of higher interest rates.
WASHINGTON (Reuters) – Production at U.S. factories edged up in February and output in the prior month was stronger than previously thought, but manufacturing continues to struggle under the weight of higher interest rates.
Manufacturing output gained 0.1% last month, the Federal Reserve said on Friday. Data for January was revised up to show production at factories increasing 1.3% instead of the previously reported 1.0% rise. Economists polled by Reuters had forecast factory production would fall 0.2%.
Output fell 1.0% on a year-on-year basis in February.
(Reporting by Lucia Mutikani; Editing by Paul Simao)
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