Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Industrial Output Down In February, But Autos Up

U.S. industrial output dropped for the fourth straight month, as falling consumer spending continued to force factories to reduce production.

The Fed Reserve reported this morning that February industrial output dropped 1.4 percent, slightly worse than the 1.2 percent drop predicted by economists.

Factories last month across the nation operated at 67.4 percent of their capacity, the lowest levels since records began being kept in 1948.

Here's a breakout of February industrial output:

-- Utility-plant production was down 7.7 percent, with higher-than-normal temperatures last month.

-- Mining was off 0.4 percent.

-- Auto and auto parts production actually jumped 10.2 percent in February.

-- Frank Ahrens
Sign up to get The Ticker on Twitter

By Frank Ahrens  |  March 16, 2009; 10:25 AM ET
Categories:  The Ticker  | Tags: Federal Reserve, industrial output  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Markets Open Up, Extend Last Week's Rally
Next: Citigroup Nominates Four New Independent Directors

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company