Investing.com - U.S. industrial production rose in February, according to data released on Friday.
The Federal Reserve reported that industrial output advanced 1.1% last month after slipping 0.3% in January.
Economists had forecast industrial production rising 0.3%.
Meanwhile, manufacturing production increased 1.2% in February.
Analysts had expected a 0.5% advance.
Manufacturing output fell 0.2% in January, revised down from an initial 0.1% gain.
The report also showed that the capacity utilization rate, a measure of how fully firms are using their resources, increased to 78.1% in February.
Economists had forecast it to inch up to 77.8% from the prior month’s reading.
January’s reading was revised down to 77.4% from the initial 77.5%.