U. S. industrial production declined marginally in the month of February, according to a report released by the Federal Reserve on Monday. The decline in the industrial production was mainly attributable to the bad weather as many parts of the country were affected by winter storms in February.

While another report by the New York Fed said that the manufacturing activity in the New York region grew with an impressive pace in the recently ended week of March.

The report by the Federal Reserve showed that the U. S. industrial production was reported down by 0.1% in the month of February. While in the month of January, the industrial production was reported up by 0.9%. The bad weather in various parts of the country affected the productivity badly.

While on the other hand, the manufacturing activity in the New York region was reported continuing to grow at a decent pace. Though the Empire State Manufacturing index of New York Fed as reported down to 22.9 in March, it is considered still impressive as the economists were estimating figures of 22.00 for the period. In the month of February, the Empire State Manufacturing index of New York Fed was reported of 24.91.

The other parameters of the report were also reported positive. The inventories index grew above zero in February. This happened for the first time in more than a year. Mining and utilities were reported up by 2.0% and 0.5% respectively in February. Capacity utilization was moved up to 72.7, the highest level since December 2008.