Manufacturing Pullback Flashes Indicators of Financial Slowdown

U.S. manufacturing output declined for the second consecutive month in February, a contemporary signal {that a} long-predicted slowdown is hitting the U.S. economic system.

Output at U.S. factories decreased 0.4% in February after falling 0.5% in January, in response to Federal Reserve information launched Friday. Whereas the January drop was largely tied to tumbling auto manufacturing, February’s decline appeared extra broad-based, unfold throughout sectors together with equipment, electronics and attire.

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