The US Federal Reserve said today that production at US mines, factories and utilities held steady last month after an upwardly revised gain of 0.4% in January.
Manufacturing output rose 0.3%, even as automakers cut production by 1.1% after two big monthly gains.
Carmakers had raised production to meet pent up demand for popular models in short supply.
Mining output slid sharply for a second straight month, partly reflecting a drop in natural gas extraction. Demand for natural gas has fallen sharply due to an unusually warm winter. Utility production, which plummeted in both December and January, was flat.
