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US industrial production down 0.5% in April
WASHINGTON — U.S. industrial production fell in April, dragged by a big drop in factory output as production of autos and auto parts continued to slide.
Industrial output — reflecting total production at factories, utilities and mines — dropped 0.5% in April after a 0.2% March gain, the Federal Reserve reported Wednesday. Industrial production fell 0.5% in February.
Manufacturing output fell 0.5%, led by a 2.6% decline in motor vehicles and parts, which has fallen in three of the past four months.