Business Economy USA

US: Industrial production slightly up in May

WASHINGTON (Reuters) – In May Industrial production in the United States grew 0.1% from the previous month, the Federal Reserve said on Wednesday.

The output of motor vehicles and parts has been held down in the past two months because of supply chain disruptions following the earthquake in Japan, the Federal Reserve said.

Excluding motor vehicles and parts, manufacturing output advanced 0.6% in May and edged down 0.1% in April.

The rate of capacity utilization stood at 76.7%, as in April (revised from 76.9%).

Economists are expecting an average production increase of 0.2% and capacity utilization rate of 77%.

Year over  year, industrial production was up 3.4%.

 

K.Sukhrob

 

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