U.S. factory output falls 0.4 percent in April
By MARTIN CRUTSINGER
AP Economics Writer
WASHINGTON (AP) -- U.S. factories cut back sharply on production in April, as auto companies cranked out fewer cars and most other industries reduced output.
The Federal Reserve said Wednesday that manufacturing output dropped 0.4 percent in April from March. It was the third decline in four months and the biggest since October.
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