Production from U.S. factories, mines and utilities unexpectedly dropped in April and businesses ran at a slower operating rate than they did in March, the Federal Reserve said on Tuesday.
The U.S. central bank said industrial production shrank 0.2 percent last month, sharply contrary to Wall Street economists’ forecasts that it would instead increase 0.2 percent.
For this complete story, please visit U.S. April Industrial Output Unexpectedly Fell.
