U.S. Manufacturing Output Hits Five-Year High in October — SkimNews
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- U.S. manufacturers pumped out the most goods in October in five years, including plastics, computers and electrical equipment.
- High inflation was not helping U.S. manufacturers keep pace in October, when a growing economy and a revolution in artificial intelligence stoked demand.
Why it matters: U.S. manufacturers reached their highest output in five years in October, yet they still could not keep up with demand. Economic growth and artificial-intelligence demand intensified the squeeze, while high inflation added pressure, leaving the sector with greater production volume but an unresolved supply-demand gap.
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