U.S. industrial production unexpectedly slipped in May, after two months of gains. Factories in the mid-Atlantic region saw a decline in activity for the first time since 2021 in June, according to the Federal Reserve Bank of Philadelphia. Production fell 0.2 percent last month, as manufacturing struggled under the weight of higher interest rates, after…
US Industrial Production Unexpectedly Falls in May After 2 Months of Gains
June 21, 2023
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Business & MarketsCompanieseconomic policieseconomyIndustrial ProductioninflationInvestmentmanufacturing outputMarketsU.S. factoriesUSUS News
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US Manufacturing Slows Down, Leading Economic Index Falls for Third Straight Month
June 18, 2022
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American manufacturingBusiness & MarketseconomyinflationLeading Economic Indexmanufacturing outputU.S. interest rate hikesUS
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Manufacturing output in the United States declined in May after three months of averaging almost 1 percent growth, according to the latest data by the U.S. Federal Reserve. “Manufacturing output slipped 0.1 percent in May; even so, the index has advanced 4.8 percent over the past 12 months. In May, the index for nondurable manufacturing…
Orders for US Factory Goods Increase 1.6 Percent: Census Report
New orders for U.S.-manufactured goods in November increased by about 1.6 percent to $532 billion, maintaining the streak which has been positive for the last 18 out of 19 months, although there was a decline in mining and oil field machinery, along with turbines, generators and other power transmission equipment. The latest numbers followed an…
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