U.S. Factory Output Drops in May, Second Fall in 3 months
U.S. manufacturing output contracted in May for the second time in three months, the latest worrisome sign the American economy could be cooling.
U.S. manufacturing output contracted in May for the second time in three months, the latest worrisome sign the American economy could be cooling.
A rising stock market next year is becoming an article of faith. But beneath the bullish sheen of several positive reports, many other key indicators are bearish or neutral. Investors might want to balance the widespread confidence by looking at these eight.
Manufacturing activity in the mid-Atlantic region unexpectedly surged in November. The Philly Fed's Business Outlook Survey index jumped to 22.5 in November from 1 in October, its highest reading since December 2009.
The nation%u2019s manufacturing recovery accelerated in October as factory output jumped 0.5%, the Federal Reserve said. Overall industrial output was flat in the month, but the typical autumn plunge in utilities output skewed the top-line stat lower.
It's the first decline since June 2009. Still, despite the dip, the nation's industrial sector remains in an uptrend, and a weaker dollar may further boost international sales of key U.S. companies in the months ahead.
Factories continue to show signs of sustainable economic growth, as industrial production rose 0.2% in August.
Statistics published this week by the Federal Reserve suggest the outlook for the U.S. economy remains bright. However, if you compare them side-by-side, the statistics paint a less encouraging picture that suggests tough times ahead.
The nation%u2019s industrial sector remains definitively in recovery mode, with production rising 1.2% in May -- its 10th increase in the last 11 months. Among the highlights of the across-the-board monthly gains: Vehicle manufacturing rose 10% and utilities output jumped 4.8.
Production at U.S. factories, mines and utilities rose 0.8 percent in November -- the biggest gain in three months. Further, it was broad-based, with all groups and sectors, except for utilities, registering increases.








