US Industrial Output Eases as Factories Grapple With Weak Demand

US industrial production declined in July, restrained by tepid output among manufacturers pinched by cooler demand and shifting trade policy.

The 0.1% decrease in production at factories, mines and utilities followed an upwardly revised 0.4% gain a month earlier, Federal Reserve data showed Friday. The median estimate of Bloomberg survey of economists called for no change.

Manufacturing output, which accounts for three-fourths of total industrial production, was unchanged after an upward revision to June. Mining and utility output both declined.

Manufacturing started the year strong after a rush of orders ahead of tariffs and a ramp-up in aircraft ...