U.S. manufacturing output rises more than expected in April [Reuters]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Reuters
FILE PHOTO: An employee works on an assembly line at startup Rivian Automotive's electric vehicle factory in Normal, Illinois, U.S. April 11, 2022. REUTERS/Kamil Krzaczynski Manufacturing output increased 0.8% last month after a similar gain in March, the Federal Reserve said on Tuesday. Economists polled by Reuters had forecast factory production would gain 0.4%. Output jumped 5.8% compared to April 2021. But manufacturing, which accounts for 12% of the economy, faces challenges from renewed supply chain bottlenecks because of Russia's invasion of Ukraine and China's zero-tolerance COVID-19 policy. The Institute for Supply Management's index of national factory activity hit more than a 1-1/2-year low in April. A survey from the New York Fed on Monday showed factory activity in New York state fell in May for the third time this year. The dollar, which has gained at least 2.7% against the currencies of the United States' main trade partners since the Fed started raising intere
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RIVN
Earnings
- 2/21/24 - Beat
RIVN
Sec Filings
- 5/3/24 - Form 8-K
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- RIVN's page on the SEC website