Industrial production in the United States rose by 0.9% in May after remaining unchanged in the previous month, the Federal Reserve's Board of Governors stated in its report published on Tuesday. Manufacturing output rose 0.9% compared to the month before and 0.1% on an annual basis. Mining increased by 0.3% on a monthly basis, but fell by 0.4% year-over-year. Meanwhile, the utilities index grew by 1.6% compared to the month prior, and advanced by 3.9% year on year. Capacity utilization for the total industrial sector rose to 78.7%, which is 0.9 percentage points below its long-run average. Compared to the same ... (full story)