US Industrial Production Decreased in June for a Second Month
- Output dropped 0.5% in June for a second month, Fed says
- Production of consumer goods slumps most since early 2021
A worker marks an I-beam at a steel factory in West Jordan, Utah.
Photographer: George Frey/BloombergThis article is for subscribers only.
US industrial production fell last month in a broad retreat, reflecting a decline in manufacturing output against a backdrop of uneven goods demand.
The June index of production at factories, mines and utilities decreased 0.5% for a second month, Federal Reserve data showed Tuesday. Manufacturing output declined 0.3% in June, the most in three months.