The industrial production in the United States increased by 0.1% in May compared to April, according to the latest report by the Federal Reserve Board on Monday. On a yearly basis, the industrial output improved by 1.7%. Manufacturing was stable compared to April, but rose by 1.4% year-on-year, mining added 1.3% and 2%, respectively, and utilities fell by 0.4% on a monthly basis, but increased 3.1% annually. Capacity utilization grew by 0.1 point to 76.2%, 3.2 percentage points below its long-run average. (full story)