U.S. industrial output falls for fifth straight month

Aircraft technicians and support staff work at Sikorsky Global Helicopters in Coatesville, PennsylvaniaU.S. industrial production fell for a fifth straight month in April, weighed down by declines in mining and utilities output, pointing to a lack of momentum in the economy at the start of the second quarter. Industrial output slipped 0.3 percent after a revised 0.3 percent drop in March, the Federal Reserve said on Friday.

Leave a Reply