5/15/2013

U.S. industrial output fell a sharper-than-expected 0.5% in April, and the previous month's reported gain was revised downward. April's decline was the biggest in eight months, indicating that the U.S. economy "is just not picking up steam. The weakness in the rest of the world doesn't help," said Scott Brown, chief economist at Raymond James & Associates in St. Petersburg, Fla.

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