Fri July 15, 2011
Factory Output Flat Again In June
There was no change in output at the nation's manufacturers last month, the Federal Reserve just reported.
A flat June followed a scant 0.1 percent increase in May and a 0.5 percent decline in output in April, the Fed adds.
Another sign of sogginess in the factory sector: previously, the Fed had estimated that production rose 0.4 percent in May from April. The new estimate — of that 0.1 percent rise — marks a significant downward revision.
Reuters says manufacturing is still being dragged down in part by "supply disruptions in the auto sector" after the March 11 earthquake and tsunami in Japan.