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LATEST US DATA

Strong dollar, cheap oil put brake on factory output in April

Total industrial production down for fifth consecutive month

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BRIGHT SPOT: Output of motor vehicles and parts increased 1.3 per cent in April after rising 4.3 per cent a month earlier. Excluding cars and parts, factory production declined 0.1 per cent in April after climbing 0.1 per cent a month before.

Washington

FACTORY production stalled in April, as American manufacturers were dealt blows by a strong dollar and cheap oil.

The unchanged reading in manufacturing followed a 0.3 per cent March gain that was larger than previously estimated, a Federal Reserve report showed on

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