US Industrial Output Eases as Factories Grapple With Weak Demand
A worker pours molten metal from a furnace into a large ladle in Salem, Ohio.
Photographer: Ty Wright/BloombergUS industrial production declined in July, restrained by tepid output among manufacturers pinched by cooler demand and shifting trade policy.
The 0.1% decrease in production at factories, mines and utilities followed an upwardly revised 0.4% gain a month earlier, Federal Reserve data showed Friday. The median estimate of Bloomberg survey of economists called for no change.