Newsroom: Industry News
Economic data were mixed last week, but there was encouraging news related to manufacturing production, which rebounded in June after a disappointing May report. Output in the sector rose by 0.4 percent in June, following a decline of 0.3 percent in May. Strong growth in the motor vehicles and parts segment, up 5.9 percent, helped to boost the headline number. Despite some progress in June, it is safe to say that manufacturing activity remains quite challenged.