WASHINGTON — Industrial production edged up 0.1% in May, below economists’ estimates, as auto production remained hampered by supply chain disruptions following the disasters in Japan, the Federal Reserve reported Wednesday.
May capacity utilization was 76.7% for the month, unchanged from April.
Manufacturing production increased 0.4% following a 0.5% decline in April. Utilities production sank 2.8% in May.
Economists had expected industrial production would gain 0.2% and capacity utilization would be 77.0%.