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U.S. Factory Output Drops in May, Second Fall in 3 months

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US factoryBy Jason Lange

U.S. manufacturing output contracted in May for the second time in three months, the latest worrisome sign the American economy could be cooling.

Factory production shrank 0.4% last month, the Federal Reserve said on Friday. Total industrial output, which includes output at factories, mines and utilities, declined 0.1%.

Analysts polled by Reuters had expected total industrial production to rise 0.1%.

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U.S. Factory Output Drops in May, Second Fall in 3 months originally appeared on DailyFinance.com on 2012-06-15T09:45:00Z.

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