US factory output retreats after 2 strong months
Source: AP-EXCITE
By PAUL WISEMAN
WASHINGTON (AP) — U.S. factory output took a breather in April after two months of strong growth, as manufacturers produced less furniture, machinery and plastics.
The Federal Reserve said Thursday that factory production fell 0.4 percent from the previous month after rising a revised 0.7 percent in March and 1.5 percent in February. Manufacturing output has risen a solid 2.9 percent over the past year.
The decline appears to be a temporary setback that doesn't have economists too worried.
"We are not concerned by the drop in industrial production, because it was likely a one-time event" given healthy signals from other recent measures of manufacturing, said economists at Deutsche Bank Securities in a note to clients.
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Read more: http://apnews.excite.com/article/20140515/us-industrial-production-77388a3711.html
In this March 26, 2014 picture, Ed Carbaugh prepares to install parts on a truck engine on an assembly line at Volvo Trucks' powertrain manufacturing facility in Hagerstown, Md. The Federal Reserve reports on industrial production for April on Thursday, May 15, 2014. (AP Photo/Patrick Semansky)
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My machine was down for part of the month. Maybe it won't break down in May and things will look better. 
