Home | News & Opinion | US industrial production up strongly in May

US industrial production up strongly in May

By
Font size: Decrease font Enlarge font
US industrial production up strongly in May

Output increases 0.6%, beating analyst expectations. April revised upward.

According the a report issued by the Federal Reserve, industrial production rose 0.6% in May after having declined 0.3% in April. The decrease in April was previously reported to have been 0.6%.

Manufacturing output increased 0.6% in May after having moved down 0.1% in the previous month. In May, the output of mines gained 1.3% and the production of utilities decreased 0.8%. At 103.7 percent of its 2007 average, total industrial production in May was 4.3% above its level of a year earlier.

Share this:

Economists had expected a 0.5% increase in output.

The capacity utilization rate for total industry increased 0.2 percentage point in May to 79.1%, a rate that is 1.0 percentage point below its long-run (1972–2013) average.

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha