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U.S. Industrial Production Rises 0.6% in May

Wall Street Journal (06/17/14) Ben Leubsdorf

Industrial production in May increased a seasonally adjusted 0.6% from April, indicating that growth in the sector is back on track following a difficult winter, according to the U.S. Federal Reserve. Economists surveyed by the Wall Street Journal had predicted an increase of 0.5%, and it was the third increase in four months. There was a 1.5% rise in automotive production, a 1.1% increase in machinery production, and a 1.3% jump in mining production. Capacity utilization rose 0.2% to 79.1%, while economists had forecast 78.9%.