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US manufacturing production in April to create the largest increase in more than three years, which enhanced the second quarter of economic growth to accelerate the point of view, but the housing construction data unexpectedly fell.

The Federal Reserve (Fed / FED) on Tuesday announced that manufacturing output was generally strong, consolidating the employment data showed the first quarter of economic growth slowdown is only a temporary sign. The Fed or will be able to raise interest rates next month.

"The surge in manufacturing activity has clearly shown that the economic weakness in the first quarter is over and it is time to come because housing construction seems to have stalled," said Joel Naroff, chief economist at Naroff Economic Advisors.

The Federal Reserve announced that manufacturing production jumped 1.0% in April, the largest increase since February 2014; 0.4% for March. Data is better than analysts' expected growth of 0.3%, due to auto and parts production rose 5.0%.

Machinery, metalworking products, household appliances and furniture, commercial equipment and chemical products, and healthy growth.

Manufacturing accounts for about 12% of the US economy. The manufacturing industry is experiencing a long-term decline after the revitalization of the oil industry, driven by the revitalization of the energy industry, which drives the demand for machinery and other equipment.

April mining output increased at 1.2%, to contribute to the overall industrial production jump. Industrial production is now even increased by three months.

US dollar against the euro hit a six-month low, US Treasury prices rose. US stock market closed, investors to the US President Trump to the Russian officials revealed a high degree of confidential information to respond.

** Real estate lost power **

According to another report released by the Commerce Department on Tuesday, the housing starts fell by 2.6% in the seasonally adjusted seasonally, at an annual rate of 1.17 million, the lowest level in five months, and the construction of the multi-family housing construction continued to be weak.

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