U.S. factory production slumped for a second month in February, missing forecasts for a pickup, indicating headwinds from the trade war to slower global growth are weighing on manufacturers. Still, the prior month’s drop was revised up. Manufacturing output fell 0.4 percent after a revised 0.5 percent decline in the prior month, Federal Reserve data showed Friday. The results missed the estimate for a 0.1 percent rise in a Bloomberg survey. Total industrial production, which also includes mines and utilities, rose 0.1 percent after a revised 0.4 percent decrease that was also upwardly revised. Key Insights • The ... (full story)