- The Washington Times - Friday, March 14, 2003

WASHINGTON, March 14 (UPI) — Industrial output in the United States increased by 0.1 percent in February, the U.S. Federal Reserve Bank reported Friday.

But production in factories dipped 0.1 percent, largely as a result of the 2.4 percent decline in car manufacturing. Still, the car industry's decline was offset by a 2.2 percent production increase in the high-technology sector. Manufacturing makes up more than four-fifths of total industrial output.

Output in the energy sector was buoyant, with utilities output gaining 1.3 percent and mining output rose by 1.0 percent.

Meanwhile, capacity utilization remained unchanged at 75.6 percent, was unchanged from January and remained 5.7 percentage points below its 1972-2002 average.

Copyright © 2019 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide