Industrial Production Up 0.4% in May
Washington, DC, June 14, 2019-Industrial production rose 0.4% in May after falling 0.4 percent in April, according to the Federal Reserve.
Manufacturing output increased 0.2% in May after having decreased about 0.4% per month, on average, in the first four months of the year. In May, the production of durable goods rose 0.3%, while the output of nondurable goods edged up 0.1%. The production of consumer goods rose 0.5%.
The indexes for manufacturing and mining gained 0.2% and 0.1%, respectively, in May; the index for utilities climbed 2.1%.
At 109.6% of its 2012 average, total industrial production was 2.0% higher in May than it was a year earlier. Capacity utilization for the industrial sector moved up 0.2 percentage point in May to 78.1%, a rate that is 1.7 percentage points below its long-run (1972–2018) average.