09252018Tue
Last updateMon, 24 Sep 2018 8pm

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Manufacturing & The Economy

U.S. Manufacturing Output Fell in May

Industrial production edged down 0.1% in May after rising 0.9% in April. Excluding motor vehicles and parts, factory output moved down 0.2%. The index for mining rose 1.8%, its fourth consecutive month of growth; the output of utilities moved up 1.1%. At 107.3% of its 2012 average, total industrial production was 3.5% higher in May than it was a year earlier. Capacity utilization for the industrial sector decreased 0.2% in May to 77.9%, a rate that is 1.9% below its long-run average.

Manufacturing output moved down 0.7% in May but was 1.7% higher than its year-earlier level. The indexes for durables and for other manufacturing industries (publishing and logging) each fell more than 1%. 

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