US Factory Output Surges to One-Year High Amid Industrial Resurgence
U.S. factory production experienced its most significant growth in over a year this April, according to data released by the Federal Reserve on May 15. Industrial output climbed 0.7 percent, marking a sharp recovery from the upwardly adjusted 0.3 percent contraction observed in the previous month. This surge, driven primarily by a 0.6 percent increase…