US industrial production drops 0.4% in May

Source: Investing.com
© Reuters
Industrial production decreased the seasonally adjusted 0.4% in May from the prior month's downward-revised 0.6% increase, whereas analysts predicted the 0.1% fall. Meanwhile, capacity utilisation dropped to 74.9% on a seasonally adjusted basis, missing the 75.2% market forecast and April's downward revised figure of 75.3%.


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