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