Subject: US factory production flat in May.
US factory production flat in May; AI investment supporting manufacturing

WASHINGTON, June 15 (Reuters) - U.S. factory production was unexpectedly unchanged in May after gains in the prior months, which some economists said were related to businesses building up inventory in anticipation of shortages and higher prices due to the war in the Middle ​East.

Despite the flat reading in output reported by the Federal Reserve on Monday, an artificial intelligence spending boom by businesses is offering a lifeline to ‌manufacturing, helping to offset some of the drag from import tariffs and the recent oil price shock. Business tax incentives for equipment investment are also supporting the sector.

https://www.reuters.com/busine...

Make of it what you will. I will be looking forward to the reports over the next few months for signs of a trend.

Steve