(Industry Week, 3/17/17)
Output at U.S. manufacturers rose in February for a sixth consecutive month, underscoring a sustained rebound in the industry.
The 0.5% gain at factories, which make up 75% of overall industrial output, matched the prior month’s advance, marking the best back-to-back performance in three years, a Federal Reserve report showed Friday. Total industrial production, which includes mines and utilities, was unchanged as warm weather reduced demand for heating.
More appropriate levels of inventories, a recovery in global markets and stronger corporate spending on equipment have put manufacturers on firmer footing. The data support other figures showing an improving outlook for the nation’s factories.