Manufacturing Surges in February, Tripling Growth Forecasts

Manufacturing output surged in February, exceeding expectations and fueling optimism for Trump’s economic revival after years of industrial contraction.

General view of metal cutting machines iat a factory in Cleveland, Ohio, on May 26, 2021. Reuters/Timothy Aeppel/File Photo

Manufacturing output at U.S. factories surged in February, far exceeding expectations and reinforcing optimism about President Donald Trump’s promised manufacturing revival.

Factory output climbed 0.9 percent last month, triple the 0.3 percent growth forecast by economists polled by Reuters, following a 0.1 percent gain in January, the Federal Reserve reported on March 18.