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WASHINGTON, June 15: US industrial production climbed 0.4 per cent in May, the Federal Reserve said on Wednesday. The report on the output of US manufacturing, mining and utilities was stronger than the 0.2 per cent increase expected by private economists.
But the central bank revised downward its April report to show a 0.3 per cent decline, from an earlier estimate of a 0.2 per cent drop.
Capacity utilization, a key measure of slack in the industrial economy, rose to 79.4 per cent from a revised 79.1 per cent in the previous month.—AFP
