Prior month +0.1% (revised to +0.2%)Advanced estimate for the month of May -0.1%
The goods-producing industries were down 0.6% in April, with the manufacturing sector accounting for nearly all the decline. The
services-producing industries edged up 0.1% in April.
Public
administration, finance and insurance, and the arts, entertainment and
recreation sectors contributed the most to the increase, while the
wholesale trade sector was the largest detractor to growth.
Overall, 10 of 20 industrial sectors expanded in April.
This article was written by Giuseppe Dellamotta at www.forexlive.com.