US industrial production fell 0.1 per cent in May

• Share on Facebook
• Share on Bluesky
• Share on X
• Copy Link

“Disruptions associated with the fire should be temporary, and auto production schedules point to an increase in related output in June, undoing at least a good portion of the May decline,” he said.

Lights out

Power outage hits north central Sask. following major storm

1h ago

Good boy

Dog agility trial showcases teamwork between handlers and their canine companions

9h ago

buyer demand and tight supply

Prince Albert home benchmark price rises 2.6 per cent

9h ago

Output at factories for metal, electrical equipment and apparel also declined, along with the 6.5 per cent drop for motor vehicles and parts.

Still, factory output has improved 1.7 per cent over the past year and overall industrial production has increased 3.5 per cent. Other reports point to continued gains for manufacturers, although the tariffs announced by the Trump administration have generated turmoil and uncertainty.

President Donald Trump announced on Friday a 25 per cent tax on $50 billion worth of Chinese imports, part of his effort to reduce the trade gap with the world’s second largest economy. The tariffs prompted China to counter that it will retaliate with its own tariffs. The dispute could lead to higher prices and harm U.S. factories that depend on parts and raw metals from around the world, although Trump has said the moves will lead to a domestic manufacturing renaissance.

Trump has also announced steel and aluminum tariffs on U.S. allies such as Canada, Mexico and the European Union.

The utilities component of industrial output rose 1.1 per cent in May. Mining output advanced 1.8 per cent.

Josh Boak, The Associated Press