US manufacturing output unexpectedly declined in August as manufacturers faced rising investment costs and corporate equipment production cooling. According to data released by the Federal Reserve on Friday, manufacturing output fell 0.3% in August. Economists surveyed by Bloomberg predicted a median increase of 0.3%. Overall industrial output, including mining and utilities, has stagnated. Utility output increased by 1.8%, while mining output rose slightly.

US manufacturing output unexpectedly declined in August as manufacturers faced rising investment costs and corporate equipment production cooling. According to data released by the Federal Reserve on Friday, manufacturing output fell 0.3% in August. Economists surveyed by Bloomberg predicted a median increase of 0.3%. Overall industrial output, including mining and utilities, has stagnated. Utility output increased by 1.8%, while mining output rose slightly.