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US industrial output stutters amid winter storms
March 15, 2010

It was the eighth consecutive rise in output in the sector that is leading the economic recovery It was the eighth consecutive rise in output in the sector that is leading the economic recovery
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US industrial production inched up 0.1 percent in February, grinding to a near-halt amid severe snow storms that crippled large parts of the East Coast, Federal Reserve data showed Monday.

The small rise in industrial output after a 0.9 percent increase in January was better than the zero percent reading most analyst expected for February when blizzards pummeled large areas of the country..

"Production was likely held down somewhat by winter storms in the Northeast," the central bank said.

It was the eighth consecutive rise in output in the sector that is leading the economic recovery from the worst recession in decades.

Manufacturing activity, however, dropped 0.2 percent in February after a 0.9 percent increase in the prior month, with mixed results for its major industries.

Mining output surged to 2.0 percent from 1.1 percent, while utilities production was down 0.1 percentage point at 0.5 percent.

On a 12-month basis, output was up 1.7 percent from February 2009.

AFP