US Manufacturing Output Unexpectedly Rises #deotrade #United_States #Manufacturing_Production_MoM Manufacturing production in the United States increased
0. 1 percent in February 2023, compared with expectations of a
0. 1 percent decrease. The indexes for durable manufacturing and nondurable manufacturing moved up
0. 1 percent and
0. 2 percent, respectively, while the index for other manufacturing (publishing and logging) fell
1. 5 percent. Within durables, computer and electronic products recorded the largest gain (
1. 2 percent), while nonmetallic mineral products recorded the largest loss (
0. 5 percent). Within nondurables, decreases of at least 1 percent were registered by textile and product mills and by plastics and rubber products; only chemicals recorded an increase of more than 1 percent. Capacity utilization for manufacturing slipped
0. 1 percentage point in February to
77. 6 percent, a rate that is
0. 6 percentage point below its long-run average.