The volume of industrial production in the US declined in May by 0.1% compared to April, when its growth was 0.9%, the Federal Reserve said. Experts had predicted an increase of 0.2%. In the processing industry, accounting for 75% of total industrial output, the indicator fell by 0.7% after rising by 0.6% in April. The output of cars and parts to them decreased by 5.5%, industrial equipment - by 1.1%. The electronics industry grew by 0.8%. The volume of production of consumer goods decreased by 1%. The output of building materials increased by 0.1%. The index in the defense and aerospace industries grew by 0.4%. The utilities industry increased the output by 1.1%, the mining sector - by 1.8%, the oil and gas production - by 11.6%.
NCoV may bring risks to global economy’s frail recovery: IMF14.02.2020
Honda to resume auto production in China plants on February 2113.02.2020
Oil maintains momentum as virus concerns may lead to deeper output cuts11.02.2020
Kia Motors to suspend South Korean production plants as auto parts supplies dwindle