- Prior month -0.1%
- Advanced estimate for the month of June +0.1%
The goods-producing industries edged down in May, driven primarily by a
contraction in the mining, quarrying and oil and gas extraction sector,
while the manufacturing sector expanded in the month. The
services-producing industries were essentially unchanged, as real
estate, rental and leasing and transportation and warehousing posted
increases while retail trade and public administration contracted.
Overall, 7 of 20 industrial sectors expanded in May.
This article was written by Giuseppe Dellamotta at investinglive.com.
