Mumbai, March 19 -- The Federal Reserve released a report on Tuesday showing industrial production in the U.S. increased by much more than expected in the month of January.
The report said industrial production climbed by 0.7 percent in February after climbing by a downwardly revised 0.3 percent in January.
The bigger than expected increase by industrial production partly reflected a substantial rebound by mining output, which surged by 2.8 percent in February after plunging by 3.2 percent in January.
Manufacturing output also climbed by 0.9 percent in February after inching up by 0.1 percent in January, led by a 8.5 percent spike in the production of motor vehicles and parts.
Meanwhile, the report said utilities output tumbled by 2.5 p...