Industrial production dropped 0.6% in March, the Federal Reserve reported Wednesday.
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The production decrease followed an unrevised 0.1% increase in February.
Capacity utilization slid in March to 78.4% from a revised 79.0% the previous month, first reported as 78.9%.
Economists polled by Thompson Reuters projected a 0.3% decrease for industrial production and a 78.7% capacity utilization rate.
Manufacturing output was up 0.1% in March following an unrevised 0.2% decrease in February.
Utilities' output plunged 5.9% in March after climbing a revised 5.7% in February, first reported as a 1.3% rise.
