Industrial Production Increased 0.4% in May

From the Fed: Industrial Production and Capacity Utilization Industrial production rose 0.4 percent in May after falling 0.4 percent in April . The indexes for manufacturing and mining gained 0.2 percent and 0.1 percent, respectively, in May; the index for utilities climbed 2.1 percent. At 109.6 percent of its 2012 average, total industrial production was 2.0 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector moved up 0.2 percentage point in May to 78.1 percent , a rate that is 1.7 percentage points below its long-run (1972–2018) average. emphasis ......(read more)

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