US Industrial Production Rises by Most in Over a Year
Motor vehicle output led the gain, while capacity utilization rose to 76.1% and factory production beat economists' forecasts.
- US industrial production rose 0.7% in April, marking the largest monthly gain in over a year, as Federal Reserve data released Friday showed manufacturing output climbed 0.6% led by motor vehicles and parts surging 3.7%.
- The April rebound followed a revised 0.3% decline in March, while increased output of metals, minerals, agricultural equipment and electronics signaled robust business investment at the start of the second quarter.
- Factory capacity utilization climbed to 75.8%, the highest since September, as production of defense and space equipment advanced for a fifth straight month and computers, aerospace and nonmetallic mineral products posted solid gains.
- Oil and gas well drilling fell for a second month, while manufacturers face mounting cost pressures as the Strait of Hormuz remains effectively closed and economists anticipate inflation will likely persist.
- New York factory activity expanded at the fastest pace in four years in May, corroborating national industrial strength, though tight capacity utilization suggests supply chain constraints may limit future growth.
20 Articles
20 Articles
Industrial production in the United States grew by 0.7% in April compared to March, after having decreased by 0.3% the previous month, driven mainly by advances in the areas of public services and manufacturing that compensated for a decrease in mining, the Federal Reserve (Fed) reported this Friday. In annual terms, industrial production in the first world economy was 1.4% higher. The public services sector increased by 1.9% in April compared t…
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U.S. Factory Output Posts Strongest Growth in More Than a Year as Auto and AI Industries Drive Surge
Industrial production accelerated sharply in April, with major gains in manufacturing, semiconductors, and business equipment tied to artificial intelligence expansion. The post U.S. Factory Output Posts Strongest Growth in More Than a Year as Auto and AI Industries Drive Surge first appeared on [your]NEWS.
US Factory Output Grows at Fastest Pace in a Year
U.S. factory production surged at its best pace in more than a year, according to new Federal Reserve data published on May 15. In April, industrial production jumped 0.7 percent, following an upwardly adjusted 0.3 percent decline in the previous month, the U.S. central bank said. Manufacturing output, which accounts for three-quarters of industrial production, rose 0.6 percent. Both readings topped economists’ expectations. Despite the war in I…
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