Industrial production falls in May

Industrial production fell more than expected in May.

Production fell 0.2%, versus forecasts for a 0.2% month-over-month increase.

The April print was revised lower to -0.5% from -0.3%.

Capacity utilization fell to 78.1% from 78.2%, versus the forecast for 78.3%.

The index on mining fell 0.3%, a slower pace from the previous month due to a moderation in the pace of decline in the index for oil and gas drilling.

More to come...

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