US Manufacturing Output Gains 0.6 Percent in April
US manufacturing output rose 0.6% in April as motor vehicle production increased. Fed data suggests underlying strength despite ongoing supply chain risks.
Xurve View
Xurve View
The United States manufacturing output rose 0.6% in April, driven by a surge in motor vehicle production. This acceleration follows an upwardly revised 0.1% gain in March and beat Reuters poll expectations of 0.2%. The data suggests underlying industrial strength despite supply chain disruptions linked to the ongoing war with Iran.
