Economy
US industrial production rises 0.2% in May, below estimate
Manufacturing output falls 0.1%
Ovunc Kutlu |
17.06.2022 - Update : 17.06.2022
ANKARA
US industrial production increased 0.2% in May, coming in below market estimate, the Federal Reserve said Friday.
The market estimate was a gain of 0.4%, while it increased 1.4% in April.
Manufacturing output declined 0.1% in May, coming against the market expectation of a 0.3% increase. It posted a gain of 0.8% in April.
Capacity utilization, which indicates overall growth and demand in the economy, came in at 79% in May, also coming below the market expectation of 79.2%.
The figure stood at 78.9% in April.
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