In April, US industrial production remained flat.

The US industrial production remained unchanged in April despite a surge in utilities output. This was offset by declines in the mining and manufacturing sectors, with output in the latter falling 0.3%. This comes as the manufacturing sector faces rising input prices, inconsistent demand, tepid export markets, and higher borrowing costs. The Federal Reserve reported that factory customers have made progress in aligning stockpiles with demand, but retail sales stagnated in April.

May 16, 2024
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