Industrial Production Unchanged in February 2023

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Manufacturing output increased by 0.1% in February.

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Industrial production was unchanged in February from January, according to the Federal Reserve. Manufacturing output increased by 0.1% in February, and mining output fell by 0.6%. The output of utilities rose by 0.5%.

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Total industrial production for February was at 102.6% of its 2017 average, down 0.2% from the prior-year period.

The capacity utilization rate was unchanged in February at 78%.

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Ian Heller is the Founder and Chief Strategist for Distribution Strategy Group. He has more than 30 years of experience executing marketing and e-business strategy in the wholesale distribution industry, starting as a truck unloader at a Grainger branch while in college. He’s since held executive roles at GE Capital, Corporate Express, Newark Electronics and HD Supply. Ian has written and spoken extensively on the impact of digital disruption on distributors, and would love to start that conversation with you, your team or group. Reach out today at iheller@distributionstrategy.com.

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