If this news won't make any upside for Austal then I'll give up....

If this news won't make any upside for Austal then I'll give up.

OP NEWS
Tue May 17, 2016 | 9:26 AM EDT
U.S. factory output boosted by machinery, auto production

SUVs move through the assembly line at the General Motors Assembly Plant in Arlington, Texas June 9, 2015.
REUTERS/MIKE STONE
By Jason Lange

WASHINGTON (Reuters) - U.S. factory output expanded in April as makers of machinery and cars posted solid increases in production, a sign that the country's manufacturing sector was resisting the downward pull from sputtering global growth.

Manufacturing output rose 0.3 percent, the Federal Reserve said on Tuesday. The reading matched the gain expected in a Reuters poll of economists.

Overall industrial output rose 0.7 percent last month, beating the consensus forecast of a 0.3 percent gain, as utilities output rebounded from March when it was restrained by warmer-than-usual weather.

Mining output, another component of total industrial production, fell 2.3 percent in April.

The gain in factory output, coming after recent strong retail sales data, bolsters the view that the U.S. economy could re-accelerate in the second quarter after growing sluggishly in the first three months of the year.

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