Economic news
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.
