U.S. Economy: Manufacturing Cools as Growth Slows

Factory production cooled in August, pointing to a slower pace of growth as the U.S. struggles to sustain a recovery from the worst recession since the 1930s.

Industrial output rose 0.2 percent after a 0.6 percent gain in July that was smaller than previously estimated, figures from the Federal Reserve showed today. Manufacturing in the New York region expanded this month at the slowest pace in more than a year, according to another report from the central bank.