Manufacturing activity in the U.S. unexpectedly fell for a second straight month in February, underscoring expectations for slower growth across major economies and raising concerns that the sector could be headed for a downturn.
Factory output fell 0.4% last month, Federal Reserve data showed on Friday, compared with expectations for a slight increase. In January, manufacturing activity fell 0.5%.
From machinery to electronics, manufacturing output fell across sectors in February. The decline was offset by an increase in utilities and mining, bringing overall industrial production 0.1% higher from a month earlier. Motor-vehicle production was little changed after dropping a steep 8.8% in January.
Read the full story, "American manufacturing is in danger of entering a recession," at www.markets.businessinsider.com.
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