{"id":1536234,"date":"2025-05-15T14:10:00","date_gmt":"2025-05-15T18:10:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1536234"},"modified":"2025-05-15T14:10:00","modified_gmt":"2025-05-15T18:10:00","slug":"us-factory-production-tumbled-in-april-but","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/us-factory-production-tumbled-in-april-but\/1536234\/","title":{"rendered":"US Factory Production Tumbled In April, But&#8230;"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">US Factory Production Tumbled In April, But&#8230;<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p><strong>Headline industrial production held steady<\/strong> in April, driven by utilities production, while <strong>manufacturing production declined 0.4%<\/strong> due to decreased production of vehicles and nondurable goods.<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfmB833.jpg?itok=L-y1T86d\"><\/a><\/p>\n<p>Source: Bloomberg<\/p>\n<p>The 0.4% decrease in manufacturing production (followed an upwardly revised 0.4% gain a month earlier) was the <strong>first decline since October 2024 and worse than the expected 0.3% decline<\/strong>&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/z_1.jpg?itok=NSASW-0Q\"><\/a><\/p>\n<p>Source: Bloomberg<\/p>\n<p>However, as the chart above shows, despite the decline, <strong>upward revisions raised production by 1.2% YoY &#8211; the biggest rise since Oct 2022 (tariff-front-running?).<\/strong><\/p>\n<p><strong>Output at utilities increased, <\/strong>while mining and energy extraction dropped.<\/p>\n<p>The decrease in April factory output reflected <strong>declining production of motor vehicles, computers and apparel.<\/strong><\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2025-05-15_07-05-04.jpg?itok=Uj5_TQ_t\"><\/a><\/p>\n<p>The Fed\u2019s report showed <strong>capacity utilization at factories, a measure of potential output being used, fell to 76.8%<\/strong>.<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm13CF.jpg?itok=IochYyS6\"><\/a><\/p>\n<p>Does April&#8217;s decline mean we reached peak tariff-front-running? And will that drag down &#8216;hard&#8217; data?<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Thu, 05\/15\/2025 &#8211; 10:10<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/economics\/us-factory-production-tumbled-april\" target=\"_blank\" class=\"\">https:\/\/www.zerohedge.com\/economics\/us-factory-production-tumbled-april<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Factory Production Tumbled In April, But&#8230; Headline industrial production held steady in April, driven by utilities production, while manufacturing production declined 0.4% due to&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1536235,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1536234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6rDY","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2025\/05\/bfmB833-bgPciA.jpg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1536234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1536234"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1536234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1536235"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1536234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1536234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1536234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}