US industrial production declined by 0.1% in March

In March, industrial production in the United States decreased by 0.1% after rising 0.1% in February. This was reported by the US Federal Reserve. The figure last month fell unexpectedly, as experts expected it to grow by 0.2%. The Fed report also showed that in the first quarter, industrial production in the country decreased by 0.3% compared to the previous quarter, when its growth was 4%. The figure for the first quarter of this year was the lowest since the third quarter of 2017. Production in the processing industry remained at the level of January. Cars and parts for them were produced in February by 2.5% less than in January, and in the first quarter they fell by 12.8% in annual terms. A decrease in output was also observed in the mining industry and consumer goods. At the same time, the volume of oil and gas production increased by 0.3%.

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