U.S. industrial production rebounded in February, but fell short of expectations, as output from utilities jumped, data from the Federal Reserve showed.
The seasonally adjusted industrial production rose 0.1% month over month in February, compared to a 0.4% revised decrease in January.
The Econoday forecast was for a 0.4% monthly rise.
Manufacturing output dropped 0.4% in February following January's revised 0.5% fall, while the growth for mining output remained unchanged at 0.3%.
Meanwhile, the index for utilities jumped 3.7% from a level that was revised to show a negative reading for January.
Year over year, monthly industrial production was up 3.5% in February.
Industrial capacity utilization edged down 0.1 percentage point to 78.2% in February.