SAVE MONEY ON TRAVEL DEALS

Industrial production fell 0.7 percent in April. In March production increased 0.2 percent.

Manufacturing output declined 0.8 percent in the month, pushed by slowdowns in vehicle and auto parts, the Fed said in a statement.

"Strikes and strike-related parts shortages" contributed to the declines, the central bank said.

Excluding vehicles and auto parts, manufacturing production slowed 0.4 percent on the month.

From April 2007, industrial production has gained slightly, up 0.2 percent, while the rate of capacity utilization fell to 79.7 percent, 1.3 percent below its historic average measured in the previous 25 years.

 BREAKING STORIES

FDIC insurance added to bailout debate

Obama proposes raising FDIC limit

Wildfires eat into Forest Service budget

Bush urges bailout plan support

House GOP rebukes Bush on bailout plan

Poll: U.S. public wants military pullback

Bush hails Iraqi election agreement

FAA suspends licenses of sleeping pilots

Bush: 'Big package for big problem'

Bush outlines bold market recovery plan

Bush expresses confidence in SEC chair

FDIC-insured banks safe, FDIC says

Energy prices gain from financial fix

Bush denounces embassy attack

Cheney aide: Bush won't attack Iran

BOJ leaves interest rate unchanged

All eyes on Fed after bleak Monday

New York area business mixed in report

Palin's foreign policy experience debated

Engineers say FAA rushed plane approval