Factory output in U.S. cools after surging in previous month

U.S. FACTORY OUTPUT rose 0.1 percent in March. /BLOOMBERG FILE PHOTO/TY WRIGHT/GETTY IMAGES
U.S. FACTORY OUTPUT rose 3 percent year over year in March. /BLOOMBERG FILE PHOTO/TY WRIGHT/GETTY IMAGES
NEW YORK - United States factory production cooled in March after surging a month earlier, representing a pause in an otherwise strong manufacturing sector, Federal Reserve data showed Tuesday. Highlights of industrial production (March) Factory output rose 0.1 percent (matching est.) after an upwardly revised 1.5 percent increase that was the biggest since July 2009 Output…

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