Reported about 11 hours ago
U.S. manufacturing output saw minimal growth of just 0.1% in May, following a revised decline of 0.5% in April, as increases in motor vehicle and aerospace production were offset by declines in other sectors. The outlook for manufacturing is challenged by heightened tariffs, particularly on steel and aluminum, and overall industrial production fell 0.2%. Capacity utilization in the industrial sector has also dropped, raising concerns about the impact of current trade policies on the manufacturing landscape.
Source: YAHOO