US output tops forecasts | Bangkok Post: business

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US output tops forecasts

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  • Online news: News
  • Writer: Bloomberg News
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WASHINGTON - Industrial production in the United States rose more than forecast in February as factories turned out more business equipment and motor vehicles, showing manufacturing is helping spur the recovering economy. 

Output at factories, mines and utilities climbed 0.7%, the most in three months and exceeding the median projection in a Bloomberg survey, according to figures  released by the Federal Reserve on Friday.

January production was unchanged, revised from a previously reported 0.1% drop. Manufacturing, which accounts for about 75% of all output, advanced 0.8%, the third gain in the last four months.

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