US Manufacturing Output Flat in June but Grows Strongly in Q2
U.S. manufacturing production remained unchanged in June, though it accelerated to the fastest pace in five years during the second quarter at 4.7% annualized growth due to AI investments and inventory build-up amid Middle East tensions. Year-on-year output rose by 1.1%, with key sectors like semiconductors and communications equipment showing strong performance.
Topics: AI investment economic growth inventory buildup manufacturing