Top
image credit: Pixabay

US Factory Output Stalled in March as Auto Production Dropped

April 16, 2019

U.S. factory production stalled in March as motor-vehicle output declined, adding to signs of headwinds for manufacturing and economic growth around the world.

Manufacturing output was unchanged from February after falling a revised 0.3%, Federal Reserve data showed Tuesday. That compared with the median estimate for a 0.1% increase in Bloomberg’s survey of economists. Total industrial production, which also includes mines and utilities, fell 0.1%, also trailing forecasts for a gain and following a 0.1% advance.

Read More on Industry Week