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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

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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.