December 1, 2022

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US May industrial production + 0.8% m/m vs +0.7% estimate

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US industrial production and capacity utilization for May 2021

  • prior month
  • industrial production 0.8% versus 0.7% estimate Prior month revised to 0.1% from 0.7%.
  • capacity utilization 75.2% versus 75.1% estimate. Prior month revised to 74.6% vs 74.9%.
  • manufacturing production 0.9% vs 0.8% estimate. prior month revised to -0.1% vs +0.4%

Although the numbers were better than expected, the revisions were a bit of a disappointment.  

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