With a sharp drop in utilities output offsetting increases in manufacturing and mining output, the Federal Reserve released a report on Friday showing that U.S. industrial production unexpectedly came in unchanged in May.
The report said industrial production came in flat in May following a revised 0.4 percent decrease in April. Economists had expected production to rise by 0.2 percent compared to the 0.5 percent drop originally reported for the previous month.
Additionally, the Fed said the capacity utilization rate edged down to 77.6 percent in May from a revised 77.7 percent in April.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.