Factory Output in U.S. Declines More Than Forecast in August

September 15, 2016 2:00 PM

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Output at American manufacturers fell more than economists forecast in August, a sign the industry is having trouble finding its footing.

The 0.4 percent decline at factories was the biggest drop since March and followed a 0.4 percent increase the prior month, a Federal Reserve report showed Thursday in Washington. The Bloomberg survey median called for a 0.3 percent drop. Total industrial output, including mines and utilities, droppe...

Also read: U.S. Industrial Production Rose 0.7% in April

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