U.S. factory output drops\, autos fall the most since recession

U.S. factory output drops, autos fall the most since recession

Reuters  |  WASHINGTON 

(Reuters) - U.S. fell steeply in January as motor vehicle production posted its biggest fall since 2009, with declines in a broad range of goods likely to fuel fears of a sharp slowdown in factory activity.

The said on Friday slumped 0.9 percent last month, the deepest drop in eight months. Data for December was revised to show a smaller increase in output that month than initially reported.

Production of motor vehicles and parts dropped 8.8 percent in January, the steepest decline since May 2009, when the was still mired in a deep recession. Output also fell last month for machinery, chemicals, and

Economists polled by had forecast rising 0.1 percent in January.

Total industrial output - which includes factories, mining operations and utilities - dropped 0.6 percent during the month. It was the first decline since May 2018.

(Reporting by Jason Lange; Editing by and Andrea Ricci)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 15 2019. 21:02 IST