World News
US Manufacturing Output Stalls for the First Time This Year
Key Points
US Manufacturing Output Stalls for the First Time This Year US manufacturing production stalled in May after four months of gains, suggesting problems with supply chains disrupted by the Iran war and soaring costs may be starting to weigh on activity. Factory output was little changed last month after an upwardly revised 0.7% advance in April, Federal Reserve data out Monday showed. The median estimate in a Bloomberg survey of economists called for a 0.3% advance.
US Manufacturing Output Stalls for the First Time This Year
US manufacturing production stalled in May after four months of gains, suggesting problems with supply chains disrupted by the Iran war and soaring costs may be starting to weigh on activity.
Factory output was little changed last month after an upwardly revised 0.7% advance in April, Federal Reserve data out Monday showed. The median estimate in a Bloomberg survey of economists called for a 0.3% advance.