U.S. Factories Cool for First Time in Four Months: Economy
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Production at U.S. factories dropped in March for the first time in four months as the industry cooled following the strongest surge in three decades.
Manufacturing, which makes up about 75 percent of industrial output, decreased 0.2 percent last month as appliance and furniture makers cut back, data from the Federal Reserve showed today in Washington. The decline followed a revised 3.4 percent gain from December through February that marked the biggest three-month jump since March 1984.