FX.co ★ US Manufacturing Output Falls More Than Expected

In April 2025, the output of U.S. manufacturing experienced a 0.4% decline, surpassing market predictions which anticipated a 0.2% decrease. This marks the most significant drop in manufacturing output since October 2024. Durable goods production witnessed a reduction of 0.2%. Notably, the automotive and parts segment within durables suffered a 1.9% decrease, while the production of fabricated metal products saw an uptick of 1%. In the nondurable goods sector, output contracted by 0.6%, with declines observed across most major categories. Additionally, the index for publishing and logging fell by 2%. Manufacturing capacity utilization decreased by 0.4 percentage points in April, settling at 76.8%, which is 1.4 percentage points below its historical average spanning from 1972 to 2024.