US Industrial Output Falls Most in Three and Half Years

Washington: US industrial production saw its sharpest decline in more than three and a half years in November as utilities dropped sharply, a sign of weakness that could moderate fourth-quarter growth. Industrial output slipped 0.6 per cent after a downwardly revised 0.4 per cent dip in October, the US Federal Reserve said on Wednesday, marking the third straight month of declines. Economists polled by Reuters had forecast industri...