Production falls due to car slowdown

US industrial production unexpectedly fell for the first time since March, led by a slowdown in car production, a Federal Reserve report showed.

The 0.3% decrease in June output at the nation’s factories, mines and utilities followed May’s 0.9% jump, which was revised down from the highest in almost six years, the Fed said in Washington. The proportion of industrial capacity in use fell to 77.2%, from 77.6%.