Factory production in US unexpectedly decreased in March

Factory production in the US unexpectedly dropped in March, adding to recent signs that manufacturing is cooling.

16th April, 2013
Output is slowing as companies restrain inventory-building and global markets soften.

Factory production in the US unexpectedly dropped in March, adding to recent signs that manufacturing is cooling.

Output at factories fell 0.1 per cent after a 0.9 per cent increase in February that was larger than previously reported, figures from the Federal Reserve showed today in Washington. The median estimate in a Bloomberg survey of economists called for a 0.1 per cent rise. Total industrial production, climbed 0.4 per cent as colder-than-normal temperatures drove the...

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