Financial Times FT.com

Data fail to dispel US manufacturing gloom

By Chris Bryant in Washington

Published: May 15 2008 15:31 | Last updated: May 15 2008 20:23

US industrial production fell sharply in April and two separate regional studies did little to dispel the gloom surrounding the manufacturing sector as businesses continued to struggle with waning domestic demand.

Industrial output dropped 0.7 per cent last month, more than twice the rate forecast by economists, reflecting a fall-off in motor vehicle demand and problems related to strike action at an auto-parts supplier.

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