Industrial production plunges unprecedented 11.2% in April

Manufacturing output also posted a record drop — 13.7% — as production of cars, trucks and auto parts plummeted

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American industry recorded the biggest drop on record last month as factories, mines and utilities were all battered by the economic fallout from the coronavirus pandemic.

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The Federal Reserve said Friday that its industrial production index plunged a record 11.2% in April. Manufacturing output also posted a record drop — 13.7% — as production of cars, trucks and auto parts plummeted more than 70%. Output dropped 6.1% at mines and 0.9% at utilities.

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