Industrial output eases 0.1% in May
6/15/12 9:15 AM ET (MarketWatch)Print
WASHINGTON (MarketWatch) - Industrial production weakened in May as output of cars and other items slowed, according to data released Friday that show the impact of a deteriorating global economy. The Federal Reserve said 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. Economists polled by MarketWatch had expected no change in May. Industrial output was 4.7% stronger than the same period of last year. Capacity utilization declined 0.2 percentage point to 79.0%, though that still tied for the second-highest reading of the year.
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