Forex10 hours ago (Apr 15, 2020 09:27AM ET)
(C) Reuters. U.S. Factory Output Fell in March by the Most Since 1946
(Bloomberg) — U.S. factory output dropped in March by the most since 1946 as a rolling wave of shutdowns related to the coronavirus crippled the manufacturing sector.
Production slumped 6.3% from the prior month followed a 0.1% decrease in February, Federal Reserve data showed Wednesday. The median forecast in a Bloomberg survey of economists called for a 4.1% decline. Overall industrial production — which also includes output at mines and utilities — also declined by the most since 1946.
U.S. Factory Output Fell in March by the Most Since 1946
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