Industrial production falls 0.5% amid big decline in auto output
PUBLISHED WED, MAY 15 2019 9:16 AM 2019 9:26 AM EDT
The Associated Press
KEY POINTS
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.
The Federal Reserve says industrial output — reflecting total production at factories, utilities and mines — dropped 0.5% in April after a 0.2% March gain.
Industrial production fell 0.5% in February.