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Factory Output in U.S. Increased in May by More Than Forecast

  • Manufacturing production rose 0.9% on strong vehicle output
  • Excluding motor vehicles, factory production advanced 0.5%
    

Photographer: Scott Eells/Bloomberg

Updated on

Output at U.S. factories rose in May by more than forecast, signaling further improvement in the sector despite supply shortages, hiring difficulties and elevated materials prices.

The 0.9% increase followed a revised 0.1% decrease in April, Federal Reserve data showed Tuesday. Total industrial production, which also includes mining and utility output, climbed 0.8% in May after a revised 0.1% gain a month earlier.