Overview
- The Federal Reserve reported Friday that industrial production rose 0.7% in April, the largest monthly increase since February 2025.
- Factory output increased 0.6%, led by a 3.7% jump in motor vehicles and a 1.0% rise in high-technology industries tied to computers, chips, and communications gear.
- U.S. motor vehicle assemblies reached a 10.69 million annual rate in April, the highest since mid-2025, according to the Fed’s G.17 report.
- A New York Fed survey showed supplier delivery performance in May deteriorated, reflecting shipping disruptions from the U.S.-Israeli conflict with Iran.
- Producer prices accelerated in April to a four-year high, and oil prices climbed Friday after comments by President Donald Trump and Iran’s foreign minister reduced hopes for a deal on shipping attacks.