Outlook for US factories remains weak amid slowing global economies
US manufacturing output increased solidly in August, boosted by a surge in the production of machinery and other goods, but the outlook for factories remains weak amid rising headwinds from trade tensions and slowing global economies.
The fairly upbeat report from the Federal Reserve came as officials from the US central bank gathered for a two-day policy meeting. Economists said it was too early to conclude that the trade-driven manufacturing recession was over.
