US Factory Output Falls for First Time in Four Months

2022.06.17 16:31

© Bloomberg. An American flag hangs at a factory in Fort Worth, Texas. Photographer: Luke Sharrett/Bloomberg

(Bloomberg) — US factory production unexpectedly declined in May, restrained by ongoing supply challenges and hints of cooler demand.

The 0.1% decrease followed a 0.8% increases in the prior two months, Federal Reserve data showed Friday. Total industrial production, which also includes mining and utility output, rose 0.2% last month.

Median forecasts in a Bloomberg survey of economists called for a 0.3% advance in factory output and a 0.4% gain in overall industrial production.

©2022 Bloomberg L.P.

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