U.S. industrial production fell 0.2% in May, the Federal Reserve reported Thursday.
The numbers: U.S. industrial production fell 0.2% in May after two straight months of gains, the Federal Reserve reported Thursday.
The decline was below expectations of a flat reading, according to a survey of economists by The Wall Street Journal.The capacity utilization rate reflects the limits to operating the nation’s factories, mines and utilities.Key details: Manufacturing rose 0.1% in May after a sharp 0.9% gain in the prior month.
Utilities output fell 1.8% in May. Mining output, which includes oil and natural gas, fell 0.4% after a 0.3% gain in the prior month.
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