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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US Factories Grew in December at Fastest Pace Since Mid-2018
WASHINGTON—American factories grew in December at the fastest pace in more than two years as manufacturing continued to weather the pandemic better than the battered services sector. The Institute for Supply Management reported Tuesday that its gauge of manufacturing activity rose to 60.7 percent last month, the highest reading since it stood at 60.8 in…
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