Tuesday, April 17, 2007

UPDATE 1-U.S. industrial output fell 0.2 percent in March

(Reuters) - WASHINGTON, April 17 - U.S. industrial production unexpectedly fell 0.2 percent in March as utility output retreated sharply from robust February gains fueled by cold weather, a Federal Reserve report showed on Tuesday.

The Federal Reserve said utility output fell 7.0 percent in March after a 7.6 percent gain in February, more than offsetting a healthy 0.7 percent March gain in manufacturing output.


Read more at Reuters.com Economic News

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