Industrial Production Flat In February After Flat January

The Federal Reserve today released their report on Industrial Production for the month of February. The statistics showed no growth in production. Analysts had expected an increase of around 0.4%. January’s numbers had surprised analysts, giving flat growth for that month. December’s numbers had seen a better than expected 1% increase in Industrial Production. This report show the level of production in the mining, manufacturing, electrical and gas industries. Industrial production remains a driver of growth in the US economy. This sector employs a large number of people and has been one of the fastest to show recovery. Although the…