Industrial production in the United States subtracted 0.3% in April, in its fifth consecutive month of declines, the Federal Reserve.
Consecutive declines in industrial production in recent months are mainly due to the weakness of the manufacturing and mining sectors, according to analysts.
On the other hand, the extraction of oil and gas collapsed again with a fall of 14.5%, after months of sharp declines caused by the global decrease in crude oil prices.
In addition, the bad start of the year represented the fourth contraction in the last five months, something that was expected because the winter months decreases the industrial activity of the world’s largest economy due to the low temperatures.
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