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U.S. industrial production rose in February, driven by gains in manufacturing and mining, surpassing expectations despite a decline in utilities.

There was a steep rise in manufacturing output, which was "boosted by a jump of 8.5 percent in the index for motor vehicles ...

U.S. industrial production advanced 0.7% M/M in February, outpacing the +0.2% expected and January's +0.3% (revised from +0.5%), according to data released by the Federal Reserve on Tuesday.