U.S. Industrial Output has Small Gain in May, has Risen for Five Straight Months

MarketWatch (06/17/22) Robb, Greg

Industrial production rose 0.2% in May, the U.S. Federal Reserve reported Friday, the fifth straight monthly gain. The gain was slightly below Wall Street expectations of a 0.4% gain. From January through April, output rose an average 0.9%. Capacity utilization inched up to 79% in May from 78.9% in the prior month. Economists had forecast a 79.3% rate.