According to the Federal Reserve, industrial production decreased by 0.2% in May after two consecutive months of increase. Manufacturing output increased by 0.1%, and the index for mining declined by 0.4%. The index for utilities dropped by 1.8% in May.
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Total industrial production for May was at 103% of its 2017 average, up 0.2% from the prior-year period.
The capacity utilization rate decreased in May to 79.6%.
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