Economic Indicators
U.S. manufacturing output slips in May
2022.06.17 16:37
A person works at an injection molding station at the Polaris manufacturing and assembly plant in Roseau, Minnesota, U.S. June 7, 2021. REUTERS/Dan Koeck/Files
WASHINGTON (Reuters) – Production at U.S. factories unexpectedly fell in May, suggesting some cooling in manufacturing, in part as spending shifts from goods to services.
Manufacturing output dipped 0.1% last month after rising 0.8 in April, the Federal Reserve said on Friday. Economists polled by Reuters had forecast factory production would gain 0.3%.
