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US industrial ouput falls 5.4% in March as virus strikes: Fed

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AFP Washington
Last Updated : Apr 15 2020 | 7:34 PM IST

US industrial production fell 5.4 percent in March as the coronavirus pandemic forced factories to close their doors and workers to stay home, the Federal Reserve said Wednesday.

It was largest decline since 1946.

Manufacturing output dropped 6.3 percent, also the biggest fall in more than seven decades, which was felt across most industries, with the largest drop seen in motor vehicles and parts.

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First Published: Apr 15 2020 | 7:34 PM IST

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