Mubasher: U.S industrial output fell by 0.6% in March as a sign of the downtrend of manufacturers and energy industry, official U.S data indicated.

Meanwhile, the industrial output declined 2.2% in the first quarter of 2016.

Earlier, estimates pointed out to a decline of 0.1%.

In this respect, J.P. Morgan Chase & Co. economist Daniel Silver said earlier that “It is likely that the inventory correction and stronger dollar continued to weigh on the output data”; however, “We remain hopeful that the worst of the drags from these factors have passed and that activity will pick up shortly.”