Industrial production was flat in May after a revised 0.4% slip in April, first reported as a 0.5% decrease, while capacity utilization edged down to 77.6% from a revised 77.7% April, first reported as 77.8%, the Federal Reserve reported Friday.

Economists polled by Thomson Reuters expected a 0.2% gain in industrial production, and capacity utilization at a 77.9% level.

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