Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Via AP news wire

US industrial production up 0.8% in May, factory output 0.9%

Surging output of cars, trucks and auto parts pulled U.S. factory production up 0.9% in May.

Adding utilities and mines, overall U.S. industrial production climbed 0.8% in May from April, the Federal Reserve reported Tuesday.

Auto production jumped 6.7% despite ongoing problems arising from a shortage of computer chips.

Production rose 1.2% at mines last month and 0.2% at utilities.

American industry is rebounding from the coronavirus recession along with the rest of the U.S. economy. The Institute for Supply Management, an association of purchasing managers, reported that manufacturing activity rose in May for the 12th straight month despite supply chain problems and labor shortages.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.