Industrial production in the US declined by 0.1% in May

The volume of industrial production in the US declined in May by 0.1% compared to April, when its growth was 0.9%, the Federal Reserve said. Experts had predicted an increase of 0.2%. In the processing industry, accounting for 75% of total industrial output, the indicator fell by 0.7% after rising by 0.6% in April. The output of cars and parts to them decreased by 5.5%, industrial equipment - by 1.1%. The electronics industry grew by 0.8%. The volume of production of consumer goods decreased by 1%. The output of building materials increased by 0.1%. The index in the defense and aerospace industries grew by 0.4%. The utilities industry increased the output by 1.1%, the mining sector - by 1.8%, the oil and gas production - by 11.6%.

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