Arab Today, arab today us factory output rises
Last Updated : GMT 09:27:54
Arab Today, arab today
Arab Today, arab today

US factory output rises

Arab Today, arab today

Arab Today, arab today US factory output rises

Washington - SPA

U.S. factory output rose in February, fueled by a jump in auto production, according to government data on Friday. Factory output rose 0.8 percent in February from January, after falling 0.3 percent in the previous month, the Federal Reserve (Fed) said. The biggest gain was in autos and auto parts, where production increased 3.6 percent after falling 4.9 percent in January. Car sales have risen steadily this year after reaching a five year high in 2012. Overall industrial production rose 0.7 percent in February, increasing the most in three months. Utility output jumped 1.6 percent while mining output, which covers oil and gas drilling, fell 0.3 percent for the third consecutive decline.

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