US factory output rebounded in May

US manufacturing output rose in May after shrinking in April, led by greater production of vehicles, computers and furniture.

THE Federal Reserve on Monday said factory output rose 0.6 per cent in May after dipping 0.1 per cent the previous month. April's figure was revised upward from an initial estimate of a 0.4 per cent decline.

Americans are buying more cars, and businesses are ordering more machinery and other goods. Those trends are fueling factory production. Car sales reached a nine-year high in May.Overall industrial production, which includes manufacturing, mining and utilities, also rose 0.6 per cent in May. It had fallen 0.3 per cent in April.Mining output, which includes oil and gas production, jumped 1.3 per cent, while utility output declined 0.8 per cent, its fourth straight drop.

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