US factory output falls for first time since April amid winter storms

Mario Anzuoni/Reuters
The decline is the first since COVID-19 outbreaks spread across the US in April 2020.
Manufacturing supported the broader economy throughout the pandemic as factory demand held strong.
Factory production in the US contracted for the first time since the early months of the pandemic last month, signaling that one of the more insulated pockets of the economy is still vulnerable to the pandemic and its fallout.
The
Federal Reserve
's measure of manufacturing output fell 3.1% in February, according to data published Tuesday. Economists surveyed by Bloomberg expected a gain of 0.2%. January's reading was revised higher to a 1.2% gain.

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