US Factory Production November 2022: Declines for First Time Since June
Written by Black Hot Fire Network on December 15, 2022
US factory production declined for the first time since June, underscoring weaker conditions in the sector amid waning global demand and higher borrowing costs.
The 0.6% drop in factory production last month followed an upwardly revised 0.3% gain in October, according to Federal Reserve data released Thursday. The figure missed all estimates in a Bloomberg survey of economists.