Why is US factory production still dropping. One would think with a one party majority things would be smooth sailing for industry – PB/TK
U.S. factory output declines for second time in past three months – reuters / June 15 2017
U.S. factory output fell unexpectedly in May on a broad decline in production, including the manufacturing of cars, casting a shadow over the economy’s rebound from sluggishness at the start of the year.
The Federal Reserve said on Thursday manufacturing production dropped 0.4 percent last month, the second decline in three months. After downward revisions to data for prior months, factory output was lower in May than it was in February.
Analysts had expected factory output to rise a modest 0.1 percent.
But output fell across manufacturing industries, with motor vehicles and parts production dropping 2 percent and output for fabricated metal products down 0.7 percent. If not for a 1.1 percent surge in chemicals output, manufacturing would have fallen more.
Continue to reuters.com article: http://www.reuters.com/article/us-usa-economy-output-idUSKBN1961P0
