WASHINGTON May 15 U.S. industrial output fell
at its fastest rate in more than 1-1/2 years in April as factory
production slumped, tempering hopes for a big jump in economic
growth after a winter slowdown.
Production at the nation's mines, factories and utilities
slipped 0.6 percent last month, the largest decline since August
2012, after an upwardly revised 0.9 percent gain in March, the
Federal Reserve said on Thursday.
Economists had expected output to hold steady.
Manufacturing production, which had risen solidly in
February and March, dropped 0.4 percent.
With output slipping, U.S. industry operated at only 78.6
percent of its capacity, down from 79.3 percent in March.
(Reporting by Timothy Ahmann; Editing by Paul Simao)