• 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.