After four consecutive months of growth, U.S. manufacturing output came to an abrupt halt as soaring costs began to weigh on factory activity.
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
- In May, US factory output was virtually unchanged from the previous month, ending a four-month streak of growth. This suggests that supply chain disruptions caused by war and soaring costs may be starting to weigh on manufacturing activity.
- Total industrial production, including utilities and mining, increased by just 0.1%. Previous surveys showed that customer stockpiling due to the war, increased defense orders, and data center construction had once driven a rebound in manufacturing.
- Another report showed that the year-on-year increase in producer prices for May reached its highest level since 2022. Data released on Monday may indicate that the impact of surging costs is starting to show.
- There was a divergence between durable goods and nondurable goods manufacturing. Nondurable goods saw a decline, mainly reflecting reductions in the output of petroleum and coal products, plastics and rubber products, and textiles.
- Industries related to data center construction continued to grow, including computers and electronic products, electrical equipment, metal products, machinery, and basic metals.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Elon Musk speaks out again: It would be my honor to hire Jensen Huang
On November 12 local time, the well-known financial commentary account ZeroHedge posted on social platform X, calling out to Musk: "Elon please hire Jensen." Musk immediately responded: "That would be an honor."
华尔街见闻•2026/11/12 06:36
5 Days of Bitcoin ETF Outflows, Brought to You Mostly by BlackRock
BeInCrypto•2026/11/12 06:33


Crypto prices
MoreBitcoin
BTC
$73,333.43
-0.33%
Ethereum
ETH
$2,038.16
-0.84%
Tether USDt
USDT
$0.9987
-0.01%
BNB
BNB
$673.94
-0.74%
USDC
USDC
$0.9998
+0.00%
XRP
XRP
$1.04
-1.57%
Solana
SOL
$82.48
-0.07%
TRON
TRX
$0.3166
-0.24%
Hyperliquid
HYPE
$70.86
-1.01%
Zcash
ZEC
$977.2
-0.75%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now