US: industrial production up 0.1% in May, below forecasts

In May, industrial production in the United States rose by 0.1% compared with the previous month to 102.6 points, according to the Federal Reserve’s index, against expectations of a 0.3% increase; the April figure was confirmed at 102.5 points. Over the past year, industrial production has risen by 1.7%. Manufacturing output rose by 0.7%; mining output increased by 1.3%, whilst utilities output fell by 0.4%. Capacity utilisation – which measures industrial production relative to potential – rose to 76.2%, down 3.2 percentage points from the long-term average (1972–2025).

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