FXstreet.com (Barcelona) - Industrial production has edged down in the United States in May weighed by a sharp decline i n the output of utilities, according to data released by the Federal Reserve.
In May, Industrial production has declined 0.2%, against the experts' forecasts of a 0.1% increase: May's decline follows a sharper 0.7% fall in April.
The rate of capacity utilisation has edged down 0.2% to 79.4% in May from the 79.6% revised rate in April.
The main reason for this unexpected decline has been the 1.8% drop in the output of utilities. The output of mines edged up 0.1%, while factory output was boosted by a small increase in the index for motors and vehicle parts.