Industrial production in the USA. it expanded 0.7% in April, below the 1% market consensus. Analysts at Capital Economics note that the recovery in production continues to lag far behind in consumption and, with shortages becoming more widespread, the situation will worsen in the coming months.
Key statements:
“Manufacturing output increased a modest 0.4% MoM in April, but was held back by a 4.3% MoM drop in motor vehicle production as the global semiconductor shortage really started to take its toll.”
“The shortage now extends well beyond semiconductors and includes raw materials, other intermediate inputs and, based on the very high rate of job vacancies in manufacturing, also labor. The result is that we expect those broader supply restrictions to slow the recovery in manufacturing production this year. “
“Industrial production rose 0.7% m / m slightly stronger in April, as mining production increased 0.7% m / m and utility production recorded a 2.6% m / m weather-related rebound to higher levels. normal. In general, the recovery in production continues to lag far behind consumption and, as the shortage becomes more acute and widespread, this situation is only going to get worse in the coming months. “
.

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.