<p>[華盛頓] 美國工業生產在四月份增長幅度超過一年以來的最高水平，顯示出該行業初步的增長勢頭。</p>
<p>根據美聯儲在 5 月 15 日發佈的數據，工廠、礦山和公用事業的產出增長了 0.7%，此前 3 月份修正為下降 0.3%。這一增幅超出了彭博社對經濟學家的所有預估。</p>
<p>製造業產出佔總工業生產的約四分之三，增長了 0.6%。礦業產出（包括能源開採）略有下降，而公用事業產出則反彈。</p>
<p>該報告進一步證實，儘管伊朗戰爭和關税推高了投入成本，但製造業仍在穩步發展，這在一定程度上得益於減税和數據中心繁榮帶來的順風。然而，部分強勁表現可能反映了企業為了應對額外的價格上漲而進行的囤貨。</p>
<p>在脆弱的停火協議下，霍爾木茲海峽仍然有效關閉，製造商在未來幾個月可能面臨更高的燃料和其他材料等關鍵物品的成本。即使霍爾木茲海峽很快重新開放，經濟學家預計，隨着石油產量正常化和運輸流恢復，通貨膨脹可能仍將持續。</p>
<p>按行業劃分，製造業產出主要受到汽車及零部件增長的推動，增長了 3.7%。計算機和電子產品、航空航天以及非金屬礦產品也錄得了穩健的增長。</p>
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<p>其他受數據中心建設影響的類別的產出，包括電氣設備和加工金屬，也有所上升。</p>
<p>國防和航天設備的生產連續第五個月增長。經濟學家預計，軍事支出將有助於今年的增長，因為政府正在補充在戰爭中消耗的彈藥和其他設備。</p>
<p>石油和天然氣鑽井連續第二個月下降。能源信息署本週表示，預計到 2027 年，美國原油產量將躍升至創紀錄的 1410 萬桶/日，因為一些國內生產商開始響應更高的油價而增加產量，儘管預計今年的產量將保持在約 1360 萬桶/日的穩定水平。</p>
<p>另見</p>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/2cad152885db5f4800c55049427e30f47307fae9294b3be2538bba70b0f9e4a1/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/2cad152885db5f4800c55049427e30f47307fae9294b3be2538bba70b0f9e4a1/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>美國每週失業救濟申請適度增加，勞動力市場保持穩定</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/47eaa5d4379c2854d4d88c917a085decd29d4965cf5b3737137a61dbdbca5ae7/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/47eaa5d4379c2854d4d88c917a085decd29d4965cf5b3737137a61dbdbca5ae7/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>美國勞動力市場穩定，裁員保持在低位</h3>
<p>工廠的產能利用率上升至 75.8%，為自九月份以來的最高水平。整體工業利用率也有所上升。彭博社</p>
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道瓊斯指數

道瓊斯美國指數

標普 500 指數

<p>美國工業生產在四月份增長了 0.7%，是超過一年來的最大增幅，此前三月份下降了 0.3%。製造業產出增長了 0.6%，主要受汽車及零部件的推動。儘管面臨伊朗戰爭和關税的挑戰，該行業表現出韌性，儘管通脹壓力可能仍會持續。工廠的產能利用率達到了 75.8%，是自九月份以來的最高水平</p>

<p>[WASHINGTON] US industrial production rose in April by the most in over a year, pointing to nascent momentum in the sector.</p>
<div class="lb-trans"><p>[華盛頓] 美國工業生產在四月份增長幅度超過一年以來的最高水平，顯示出該行業初步的增長勢頭。</p>
</div><p>The 0.7 per cent increase in output at factories, mines and utilities followed a revised 0.3 per cent drop in March, Federal Reserve data out on Friday (May 15) showed. That topped all estimates in a Bloomberg survey of economists.</p>
<div class="lb-trans"><p>根據美聯儲在 5 月 15 日發佈的數據，工廠、礦山和公用事業的產出增長了 0.7%，此前 3 月份修正為下降 0.3%。這一增幅超出了彭博社對經濟學家的所有預估。</p>
</div><p>Manufacturing output, which accounts for about three-fourths of total industrial production, climbed 0.6 per cent. Mining output, which includes energy extraction, edged lower, while utilities output rebounded.</p>
<div class="lb-trans"><p>製造業產出佔總工業生產的約四分之三，增長了 0.6%。礦業產出（包括能源開採）略有下降，而公用事業產出則反彈。</p>
</div><p>The report adds to evidence that the manufacturing sector is holding up even as the Iran war and tariffs drive up input costs, thanks in part to tax cuts and the tailwind from the data centre boom. Still, some of the strength may reflect stockpiling in an attempt to get ahead of additional price increases.</p>
<div class="lb-trans"><p>該報告進一步證實，儘管伊朗戰爭和關税推高了投入成本，但製造業仍在穩步發展，這在一定程度上得益於減税和數據中心繁榮帶來的順風。然而，部分強勁表現可能反映了企業為了應對額外的價格上漲而進行的囤貨。</p>
</div><p>With a fragile truce in place and the Strait of Hormuz still effectively closed, manufacturers may face even higher costs for key items like fuel and other materials in the months to come. Even if the Strait reopens soon, economists anticipate inflation is likely to persist as oil output normalises and shipping flows recover.</p>
<div class="lb-trans"><p>在脆弱的停火協議下，霍爾木茲海峽仍然有效關閉，製造商在未來幾個月可能面臨更高的燃料和其他材料等關鍵物品的成本。即使霍爾木茲海峽很快重新開放，經濟學家預計，隨着石油產量正常化和運輸流恢復，通貨膨脹可能仍將持續。</p>
</div><p>By industry, manufacturing output was led by an increase in motor vehicle and parts, which rose 3.7 per cent. Computers and electronic products, aerospace and nonmetallic mineral products also recorded solid gains.</p>
<div class="lb-trans"><p>按行業劃分，製造業產出主要受到汽車及零部件增長的推動，增長了 3.7%。計算機和電子產品、航空航天以及非金屬礦產品也錄得了穩健的增長。</p>
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</div><p>Output in other categories exposed to the data centre build-out, including electrical equipment and fabricated metals, also rose.</p>
<div class="lb-trans"><p>其他受數據中心建設影響的類別的產出，包括電氣設備和加工金屬，也有所上升。</p>
</div><p>Production of defence and space equipment advanced for a fifth straight month. Economists expect military spending to help support growth this year as the government replenishes ammunition and other equipment drawn down in the war.</p>
<div class="lb-trans"><p>國防和航天設備的生產連續第五個月增長。經濟學家預計，軍事支出將有助於今年的增長，因為政府正在補充在戰爭中消耗的彈藥和其他設備。</p>
</div><p>Oil and gas well drilling fell for a second month. The Energy Information Administration said this week it expects US crude production will jump to a record 14.1 million barrels a day in 2027 as some domestic producers begin to ramp up output in response to higher oil prices, though it expects output to remain steady this year at around 13.6 million barrels a day.</p>
<div class="lb-trans"><p>石油和天然氣鑽井連續第二個月下降。能源信息署本週表示，預計到 2027 年，美國原油產量將躍升至創紀錄的 1410 萬桶/日，因為一些國內生產商開始響應更高的油價而增加產量，儘管預計今年的產量將保持在約 1360 萬桶/日的穩定水平。</p>
</div><p>SEE ALSO</p>
<div class="lb-trans"><p>另見</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/2cad152885db5f4800c55049427e30f47307fae9294b3be2538bba70b0f9e4a1/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/2cad152885db5f4800c55049427e30f47307fae9294b3be2538bba70b0f9e4a1?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>US weekly jobless claims increase moderately, labour market remains stable</h3>
<div class="lb-trans"><h3>美國每週失業救濟申請適度增加，勞動力市場保持穩定</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/47eaa5d4379c2854d4d88c917a085decd29d4965cf5b3737137a61dbdbca5ae7/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/47eaa5d4379c2854d4d88c917a085decd29d4965cf5b3737137a61dbdbca5ae7?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>US labour market stable as layoffs remain low</h3>
<div class="lb-trans"><h3>美國勞動力市場穩定，裁員保持在低位</h3>
</div><p>Capacity utilisation at factories rose to 75.8 per cent, the highest since September. The overall industrial utilisation rate also increased. BLOOMBERG</p>
<div class="lb-trans"><p>工廠的產能利用率上升至 75.8%，為自九月份以來的最高水平。整體工業利用率也有所上升。彭博社</p>
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</div>

US industrial production rises by most in over a year

- 美國四月工業生產增長 0.7%，為一年以來最高水平。  
- 製造業和數據中心建設推動產出，汽車及零部件增長 3.7%。  
- 經濟學家預計，軍事支出將促進未來增長，通脹壓力仍然存在。

美國工業生產創下一年多以來的最大增幅