WASHINGTON — Industrial production inched down 0.1% in August, the Federal Reserve reported Monday.
The production decrease followed a revised 0.2% increase in July, originally reported as a 0.4% gain.
Capacity utilization fell in August to 78.8% from a downwardly revised 79.1% the previous month, first reported as 79.2%.
Economists polled by Thompson Reuters projected a 0.3% increase in industrial production and a 79.3% capacity utilization rate.
Manufacturing output was down 0.4% in August following a 0.7% increase the previous month.
Utilities' output was up 1.0% in August after falling 2.7% in July.
