U.S. industrial output flat in February

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U.S. industrial output flat in February (by Greg Robb)

WASHINGTON (MarketWatch) - The output of the nation's factories, mines and utilities was flat in February, the Federal Reserve said Friday. This was well below Wall Street expectations of a 0.4% gain. February production was suppressed by a drop in mining and auto production and a flat reading for utility output. January production was revised up to a 0.4% increase from the initial estimate of unchanged. Factory activity alone rose 0.3% in February after a 1.1% increase in the previous month. Capacity utilization - a gauge of slack in the economy - inched down to 78.7% in February from 78.8% in January.

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