USA: Industrial Output Rises Less than Expected.

Industrial production in the United States increased by 0.1% in May, falling short of market expectations for a 0.3% rise, following an upwardly revised 0.9% increase in April. Manufacturing output, which accounts for about 78% of total industrial production, was unchanged in May after rising 0.7% in April, also missing forecasts for a 0.2% gain. Mining production increased by 1.3%. Meanwhile, utilities output declined by 0.4%, as a 1.7% drop in electric utilities output more than offset an 8.5% increase in natural gas utilities output. Capacity utilization edged up to 76.2%, a level 3.2 percentage points below its long-run average (1972–2025).