Economic news

U.S. industrial production slid in May, pulled down by drop in manufacturing

Industrial output of the U.S. inched lower last month as manufacturing production showed steep fall, today’s report by the Fed said.

May’s overall industrial production moved down 0.1%, whereas in April it had risen by 0.9% as revised higher data indicates. The cause of last month’s decrease was a 0.7% slump of manufacturing, the biggest fall in a month since the start of 2014.

The biggest losses were recorded in car and spare parts production – 6.5% down, as primary metals and clothing dipped by 2%. The data for April was revised up to a rise of 0.6%.

To leave a comment you must or Join us

More news

Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree