Record slowdown at US factories
17-03-2009
Industrial output in the United States fell for the fourth consecutive month in February, and the factory operating rate dropped to its lowest level in more than 50 years. Output was down by 1.4 percent last month, slightly worse than the 1.2 percent that economists had expected. At the same time the operating rate at America's factories fell to 67.4 percent of capacity, the lowest level on records that go back to 1948.
