Industrial production in the U.S. unexpectedly stalled in April, reflecting a drop in automobile output after supplies of parts were disrupted by the Japanese earthquake and tsunami.
Output at factories, mines and utilities was unchanged after a 0.7 percent gain in March, figures from the Federal Reserve showed today. Manufacturing fell 0.4 percent, while it rose 0.2 percent excluding automobiles. Economists had forecast a 0.4 percent gain in industrial production, according to the median estimate in a Bloomberg News survey.
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