Prior was 0.0%Capacity utilization 78.7% vs 78.6% expectedManufacturing output +0.9% vs +0.3% expectedPrior manufacturing output -0.3% (revised to -0.4%)The index for mining increased 0.3% in May, and the index for
utilities advanced 1.6%The index for defense and space equipment rose
1.0% and was nearly 10% above its year-earlier levelfull report
This is an impressive reading and the best one since January 2023. It follows two months of nil growth. Annual revisions to industrial production are due on June 28.
This article was written by Adam Button at www.forexlive.com.
