U.S. manufacturing output slips in May
Production at U.S. factories unexpectedly fell in May, suggesting some cooling in manufacturing, in part as spending shifts from goods…
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%.
Comments