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US Industrial production down in May

Monday, Jun 15 2015
US Industrial production decreased 0.2% in May after falling 0.5% in April. Analysts were forecasting 0.2% increase. The decline in April was larger than previously reported, but the rates of change for previous months were generally revised higher, leaving the level of the index in April slightly above its initial estimate. Manufacturing output decreased 0.2% in May and was little changed, on net, from its level in January. In May, the index for mining moved down 0.3% after declining more than 1 percent per month, on average, in the previous four months.
 
Earlier today, Empire State Manufacturing Index figures were released, also missing forecasts on incline to 5.8. The headline general business conditions index fell five points to -2.0, its second negative reading in the past three months. The new orders index fell six points to -2.1, and the shipments index edged down to 12.0. Labor market indicators pointed to a small increase in employment levels and the average workweek. Price indexes were little changed. At 9.6, the prices paid index remained near last month’s multiyear low, and the prices received index held steady at 1.0, indicating that selling prices were flat for a second consecutive month.
 
Data did not have any major impact on the markets. Euro is currently being traded few points above 1.1230 level, Sterling is around 1.5530 area, while Aussie is around 0.7770 level.
More in this category: « Eurozone Trade Balance surplus rose to €24.9 billion RBA sees monetary policy remaining accommodative »

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