Industrial Production Rises Despite Bad Weather

Monday, 15 Mar 2010 09:33 AM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

Industrial production edged up 0.1 percent in February, beating expectations and marking the eighth straight monthly increase. But the key manufacturing sector produced less, showing that economic recovery is still a ways off.

The Federal Reserve reported Monday that manufacturing, the index's largest component, fell 0.2 percent; while mining and utilities increased by 2.0 percent and 0.6 percent, respectively.

It was a return to more measured gains after January's 0.9 percent increase. But the index's consistent gains suggested the economic recovery is durable, if muted.

Manufacturing took a hit from major winter storms that shut down most of the Northeast in February, but the increased demand for heating energy boosted mining and utility production.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Eastwood Faces Tough Oscar Road With 'American Sniper'

Monday, 24 Nov 2014 08:43 AM

Critics love the Eastwood movie and Warner Bros. clearly views it as an Oscar contender. A potential problem for the fil . . .

Stars Reunite to Fight Ebola

Monday, 17 Nov 2014 11:13 AM

Some are wondering whether the new version of Band Aid will turn out to be like the original , falling short of its loft . . .

Alibaba Poised to Buy Control of Hollywood Studio

Monday, 10 Nov 2014 10:02 AM

The Alibaba founder came to the United States looking for film and television content for the company‚Äôs streaming media  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved