US: Industrial production remains flat in February, according to the Federal Reserve

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Mining and construction production are the two sectors with the most contrast from month to month. (photo: 123RF)

WASHINGTON, — Industrial production in the United States remained unchanged in February compared to the previous month, with activity remaining roughly flat across all sectors, according to data released Friday by the US Federal Reserve.

The index settled at 102.6 points, which is the same level as the revised value for February. First, the Fed published a 103-point index for January.

In detail, mining production and construction are the two sectors that will see the greatest variance month-to-month, with the least, with each declining by 0.6 points and 0.5 points. On the other hand, public utility services (water and electricity) rose slightly by 0.5 points.

Over the course of one year, the change was again slight, with a decrease of 0.2 points.

The industrial energy utilization rate also remained unchanged between January and February at 78 points, up 1.6 points compared to February 2022, but lower than the average calculated between 1972 and 2022 (79.6 points).

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