Industrial Output Up 0.3 Percent in March

Yahoo! News

WASHINGTON – Output at the nation’s factories, mines and utilities rose by 0.3 percent in March despite the first decline in manufacturing activity in six months, the government reported Friday.

The overall 0.3 percent increase in industrial production was in line with economists’ expectations although they had not anticipated the decline in factory production.

Production at U.S. factories edged down 0.1 percent last month as auto plants cut back on production. It was the first factory decline since a 0.4 percent drop last September.

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