US INDUSTRIAL PRODUCTION SLUMPED 2.2 PERCENT IN FEBRUARY

Highlights

• The Fed said “The severe winter weather in the south central region of the country in mid-February accounted for the bulk of the declines in output for the month.”

• The report said along with the industrial production, the manufacturing output slumped 3.1 percent in the month and mining lost 5.4 percent

The Federal Reserve in a report published on Tuesday said that the US indust....