International Economic

US industrial production shoots past forecasts in May, capacity use jumps

By Alexander Bueso

Date: Tuesday 18 Jun 2024

(Sharecast News) - Industrial production in the States shot higher last month on the back of increased levels of output in manufacturing and from utilities.


According to the Department of Commerce, industrial production was ahead by 0.9% in May in month-on-month terms.

Economists had pencilled in a...

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