Industrial Production Declines in May

Industrial production in manufacturing fell 1.0% in May, seasonally adjusted, after falling 0.6% in April, according to the most current Federal Reserve Statistical Release for Industrial Production and Capacity Utilization. In a year-to-year comparison, manufacturing output was down 15%. In addition, capacity utilization in manufacturing decreased 0.6% from May to April, falling from the long-term average of 79.6% to 65% in May.

To read the full release, visit the Federal Reserve Web site.