US: Industrial output flat in May, misses expectations

FXstreet.com (Córdoba) - Industrial production remained unchanged in May according to data provided by the Federal Reserve. The flat reading came in below market's expectations of a 0.2% gain.

Meanwhile, April's output was upwardly revised to a decline of 0.4% from a 0.5% drop previously estimated.

Capacity utilization slipped to 77.6% from April's 77.7%, and slightly below the 77.9% expected.