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The data showed that US factory production fell by 1.0% in May from the previous month, a drop of more than 0.6% in April. Among them, the production of automobiles and their parts decreased by 7.9% compared with the previous month, and the mechanical production decreased by 3.4% compared with the previous month, and the decline was significantly greater than that in April. In May, the US factory operating rate fell to 65%, the lowest since 1948. At the same time, the US industrial total equipment operating rate in May was 68.3%, the lowest since 1967.
US industrial production declines for 7 consecutive months
According to data released by the Federal Reserve Board on the 16th, in May this year, US industrial production, including factories, mining and public utilities, fell by 1.1% from the previous month, falling for seven consecutive months, and the decline was greater than that of April. The revised 0.7%.