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A worker loads a green rubber tray to mold into golf ball cores at the Titleist Ball Plant III plant of Acushnet Holdings Corp. in New Bedford, Massachusetts.
Scott Eisen | Bloomberg | Getty Images
US industrial production fell in April, driven by a sharp drop in factory output as auto and auto parts continued to decline.
The US Federal Reserve said industrial output – reflecting total output from factories, utilities and mines – fell 0.5% in April, following a 0.2% gain in March. Industrial production fell 0.5% in February.
Manufacturing output declined 0.5%, led by a 2.6% decline in motor vehicles and parts, which declined in three of the last four months.
The output of the nation's public services fell by 3.5%. Mining production, an area that also includes oil and gas drilling, increased 1.6%.
The manufacturing industry has struggled over the past year due to weak auto sales and the global economy.
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