Factory Closures and New Sector Support
U.S. Federal Reserve data showed that factory production in the United States remained stable in May after a strong increase in the previous month, with investment in artificial intelligence technologies and tax incentives continuing to support growth, despite a slowdown in demand in some sectors. On an annual basis, production increased by 1.4%, with robust performance in the automotive and electronics sectors, while some non-durable sectors experienced declines. The Fed's report also indicated longer delivery times for goods and rising price expectations, as well as a decrease in productivity in certain energy-related sectors.
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