Industrial Production Increased 1.4 Percent in May

From the Fed: Industrial Production and Capacity Utilization Total industrial production increased 1.4 percent in May , as many factories resumed at least partial operations following suspensions related to COVID-19. Even so, total industrial production in May was 15.4 percent below its pre-pandemic level in February . Manufacturing output-which fell sharply in March and April-rose 3.8 percent in May; most major industries posted increases, with the largest gain registered by motor vehicles and parts. The indexes for mining and utilities declined 6.8 percent and 2.3 percent, respectively. At......(read more)

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