US Industrial Production Stagnates as Factory Output Declines
- Total output unchanged in April after downward revision
- Production at factories fell 0.3% on retreat at auto plants
A worker installs an engine at an assembly plant in Fort Wayne, Indiana.
Photographer: Emily Elconin/BloombergThis article is for subscribers only.
US industrial production stagnated in April, restrained by a drop in factory output that highlights a manufacturing sector struggling for traction.
Production at factories, mines and utilities was unchanged after a downwardly revised 0.1% gain a month earlier, Federal Reserve data showed Thursday.