Industrial production rose 0.9% in May, according to the Federal Reserve.
Manufacturing output increased 0.9% after a two-month consecutive decline. The index for durable manufacturing rose 0.6%. Most industry groups within durable manufacturing posted gains, with the largest increases in indexes for wood products, machinery, and computer and electronic products.
Alternatively, the largest decrease (2.6%) was in the index for output of furniture and related products.
The index for mining increased 0.3%, and the index for utilities rose 1.6%.
Capacity utilization moved up to 77.1% in May, a rate that is 1.1 percentage points below its long-run average.
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