May factory production down on energy pullback
Sluggish data signals that stronger dollar and decrease in fuel prices are still rippling through economy
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Washington
FACTORY production unexpectedly declined in May as the slump in energy output deepened.
The 0.2 per cent decrease at manufacturers followed a 0.1 per cent increase in April, figures from the Federal Reserve in Washington showed on Monday. Total industrial production, which also includes mines and utilities, also dropped 0.2 per cent.
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