US manufacturing output dips in March

From msn.com

U.S. factory production unexpectedly fell in March after two straight months of solid gains, weighed down by decreases in the output of motor vehicles and a range of other goods. Manufacturing output dipped 0.1% last month after an upwardly revised 0.4% increase in February, the Federal Reserve said on Thursday. Economists polled by Reuters had forecast production at factories would gain 0.1% after a previously reported 0.2% rise in February. Production at factories advanced 0.5% on a year-over-year basis in March. It grew at a 3.0% annualized rate in the first quarter, rebounding from the fourth quarter's 3.2% pace ... (full story)