Economics
US Factory Output Declines for a Second Month on Consumer Goods
- Manufacturing production dropped 0.5% in June, matching May
- Total industrial output fell 0.2%, first decrease this year
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Production at US factories declined in June for a second month, restrained by higher inventories and a softer economic outlook.
The 0.5% decrease in manufacturing output matched the downwardly revised drop in May, Federal Reserve data showed Friday. Total industrial production, which also includes mining and utility output, fell 0.2% last month, the first decline this year.