Industrial production in the United States slowed in May, more than expected, according to a statement released by the US Federal Reserve on Friday, which also showed a decline in industrial production. The growth of total production as compared to April was 0.2%, the data of which were revised upwards (+ 1.4% against the initially estimated 1.1%). This is much less than expected, as analysts expected 0.5% growth.
In detail, production fell by 0.1%, with a sharp decline in wood (-2.6%), machinery (-2.1%) or electronics (-1.8%). . Automobile production, which suffered from a global shortage of semiconductors last year, also slowed to + 1.1% after + 3.3% in the previous month. In addition, the production of household appliances among durable goods decreased (-2.5%). Production of public utilities (water, electricity) sharply slowed to 1.9% after 5.5% in April (data revised upwards) due to a 4.5% decline in natural gas production and a slowdown in electricity production (1, 9% after 5.2%). ): Compared to May 2021, total industrial output increased by 5.8%.
Source: Le Figaro
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