US industrial production weaker than expected in April

US factory output remained unchanged in April, disappointing analysts who had anticipated a third consecutive monthly increase, as per Federal Reserve data released on Thursday. Industrial production showed no growth last month, down from a revised 0.1 percent rise in March. This data contradicts expectations of a gradual manufacturing sector recovery. Manufacturing output declined by 0.3 percent compared to the previous month, with notable drops in motor vehicles, parts, and electrical equipment. Mining output fell by 0.6 percent, while utilities saw a 2.8 percent rise.