Reported 3 months ago
U.S. factory production increased by 0.4% in June, surpassing expectations and contributing to a solid rebound in output for the second quarter, despite challenges posed by higher borrowing costs. The growth followed a revised 1.0% rise in May, with a year-on-year increase of 1.1%. While optimism grows for future manufacturing activity with anticipated policies easing monetary constraints, higher interest rates continue to limit demand for goods and capital investments.
Source: YAHOO