US manufacturing sector output fell 0.4 percent in July, ending two consecutive months of growth.
The Federal Reserve said on Thursday that factory output shrank 0.4 percent last month, beating expectations of analysts polled by Reuters who had forecast a 0.1 percent drop.
Overall industrial output fell 0.2 percent in July, while analysts had forecast a 0.1 percent increase.
The data may increase concerns about the strength of the industrial sector in the world’s largest economy as fears of a global economic slowdown persist.
Overall industrial output fell 0.2 percent in July
The decline in July was the largest since April.
The Fed said output from the manufacturing sector has fallen more than 1.5 percent since December 2018.