Economics
U.S. Factory Output Rose in May Amid Trade War Uncertainty
This article is for subscribers only.
U.S. factory production expanded in May for the first time since December on gains across sectors that signal the manufacturing sector is holding up amid trade uncertainty.
Manufacturing output rose 0.2% after falling 0.5% in the prior month, according to Federal Reserve data Friday that matched the estimate in Bloomberg’s survey of economists. Total industrial production, which also includes mines and utilities, increased 0.4% after an upwardly revised 0.4% decrease.