The Federal Reserve says factory output declined 0.4 per cent last month, after increasing 0.7 per cent in April. Auto production fell 1.5 per cent, the first drop since November. Auto sales rose sharply earlier this year but slowed in May.
Overall industrial production, which includes mines and utilities, dipped 0.1 per cent, after a solid 1 per cent rise in April. Both mines and utilities increased production.Suggest a correction