US manufacturing “past peak growth”, “remains very strong”

15 June 2021

 

Summary: US output expands in May; rise more than expected; April figure revised down considerably; US manufacturing “past peak growth” but “remains very strong”; capacity utilisation rate rises, highest since February 2020.   The Federal Reserve’s industrial production (IP) index measures real output from manufacturing, mining, electricity and gas company facilities located in the United States. These sectors are thought to be sensitive to consumer demand and so some leading...

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