Fed: U.S. Industrial Output Rises in May

According to the Financial Times, the Federal Reserve said industrial production rose in May after a 0.4% drop in April.

The Times reported the rebound came primarily from automobile and appliance production.

The Times added gains were somewhat mitigated by a slowdown in aircraft production, likely a fallout from the Boeing 737 MAX cuts.

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.