US industry production down 0.2% in May

From breakingthenews.net

Industrial production in the United States declined by 0.2% in February compared to the previous month, falling more than analysts expected, the Federal Reserve's Board of Governors revealed in its report on Tuesday. Manufacturing output rose by 0.1% in the reported month compared to April and by 0.5% compared to May 2024. Mining grew by 0.1% on a monthly basis and by 2.9% on an annual basis. Utilities decreased by 2.9% compared to the prior month and by 1.6% compared to the same period in the previous year. Capacity utilization fell to 77.4% in the reported month, coming in 2.2 percentage points below its long-run ... (full story)