US industrial production fell 0.4% in Aug vs. 0.3% drop expected

September 15, 2016 2:00 PM

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US industrial production fell 0.4% in Aug vs. 0.3% drop expected

U.S. industrial production fell more than expected in August, hurt in part by a sharp decline in utilities output, the Federal Reserve said on Thursday.

Industrial output fell 0.4 percent last month after a downwardly revised 0.6 percent increase in July. Last month, manufacturing output also declined 0.4 percent.

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