Factory Output Flat Again In June : The Two-Way It's the third month in a row that production has either been flat or has declined. Supply disruptions after the March 11 earthquake and tsunami in Japan get part of the blame.
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Factory Output Flat Again In June

There was no change in output at the nation's manufacturers last month, the Federal Reserve just reported.

A flat June followed a scant 0.1 percent increase in May and a 0.5 percent decline in output in April, the Fed adds.

Another sign of sogginess in the factory sector: previously, the Fed had estimated that production rose 0.4 percent in May from April. The new estimate — of that 0.1 percent rise — marks a significant downward revision.

Reuters says manufacturing is still being dragged down in part by "supply disruptions in the auto sector" after the March 11 earthquake and tsunami in Japan.