Industrial production was unchanged in May, the second straight weak monthly report, the Federal Reserve said Friday
The flat reading was below economists' forecasts of a 0.1% gain. April's production was revised slightly higher to a drop of 0.4% from the initial estimate of a 0.5% drop
Output at factories alone increased 0.1% in May after two straight monthly declines
The sector has seen little growth since the turn of the year, the Fed said
Auto-related production rose 0.7% in May after a 0.4% drop in the prior month
Excluding the auto sector, output was unchanged
Over the past year, industrial output has risen 1.6%
Capacity utilization - a gauge of slack in the economy - fell to 77.6% in May from 77.8% in April, below the average of 80.2% from 1972-2012
No hay comentarios:
Publicar un comentario