Significant Increase in Auto Production Drives Accelerated Growth in U.S. Industrial Output for April

Golden Ten Data reported on May 15 that U.S. factory output accelerated in April, with a significant increase in automobile production, suggesting the manufacturing sector retains resilience. However, supply chain disruptions caused by the Iran war continue to cast a shadow over the industry's outlook. According to data from the Federal Reserve, manufacturing output rose 0.6% in April compared to the previous month, with March figures revised up to a 0.1% increase. Economists surveyed by Reuters had expected output to rebound 0.2% in April after a previously reported 0.1% decline in March. Year-on-year, factory output increased by 1.3% in April, with automobile manufacturing output growing by 3.7%, serving as the main driving force.