U.S. industrial output falls for second straight month

U.S. industrial production fell for a second straight month in September on renewed weakness in oil and gas drilling, the latest indication that the economy lost momentum in the third quarter. Industrial output slipped 0.2 percent after a revised 0.1 percent dip in August, the Federal Reserve said on Friday. Economists polled by Reuters had forecast industrial production slipping 0.2 percent last month after a previously reported 0.4 percent decline in August.