June 19, 2023

US industrial production fell -0.2% m/m in May, up just +0.2% from a year ago.

Total industrial capacity utilization fell slightly to 79.6% in May.

US manufacturing output (a subset of industrial production) rose +0.1% m/m in May, but is down -0.3% from a year ago.

Manufacturing capacity utilization remained unchanged at 78.4% in May