Industrial Production Falls Again

Today’s report on industrial production shows the fifth monthly decline in a row.

U.S. industrial production fell for a fifth straight month in April, weighed down by declines in mining and utilities output, pointing to a lack of momentum in the economy at the start of the second quarter.

Industrial output slipped 0.3 percent after a revised 0.3 percent drop in March, the Federal Reserve said on Friday.

Economists polled by Reuters had forecast industrial production edging up 0.1 percent last month after a previously reported 0.6 percent fall in March, which was the biggest drop since August 2012.

Posted by on May 15th, 2015 at 10:32 am


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