Wall Street Journal (06/15/12) Tom Barkley; Ian Talley
U.S. industrial production weakened in May as output of cars and other items slowed, according to data released today by the U.S. Federal Reserve. Industrial production slipped a seasonally adjusted 0.1% in May after gaining 1% in April. April’s reading was downwardly revised from an initially reported 1.1% expansion. Capacity utilization also declined, easing to 79.0% from 79.2% the previous month. Economists surveyed by Dow Jones Newswires had expected a 0.1% rise in output and capacity utilization of 79.2%.