U.S. factories record biggest decline since the end of WW II


These are some scary low U.S. factory numbers. Output at U.S. factories declined 1.5 percent in March, the U.S. Federal Reserve announced Wednesday, as the nation's industrial sector continued to contract amid what is rapidly becoming the United State's worst recession since World War II.

Further, factory utilization fell one percentage point to 69.3 percent -- the lowest level for that metric since the Fed began tracking the statistic in 1967.