US industrial output meets forecasts in Feb; autos fall again

17 March 2022

 

Summary: US industrial output up 0.5% in February; in line with expectations; up 7.5% over past 12 months; utility output slows, non-auto manufacturing strong, auto manufacturing falls for third straight month; capacity utilisation rate up 0.3ppt to 77.6%; still short of long-term average. The Federal Reserve’s industrial production (IP) index measures real output from manufacturing, mining, electricity and gas company facilities located in the United States. These sectors are thought...

read full story