US May industrial production -0.5% versus 0.0% expected

<ul><li>Prior was -0.2% (revised to -0.5%)</li><li>Manufacturing output -0.3% vs 0.0% expected</li><li>Prior output +0.1% (revised to -0.2%)</li><li>Capacity utilization 78.9% vs 79.5% expected</li></ul><p>This is a soft reading that takes the shine off the strong retail sales data earlier. It's certainly a two-track economy with manufacturers slowing from the post-covid boom and services/consumer-oriented sectors doing well.</p>

This article was written by Adam Button at www.forexlive.com.