The nation’s industrial production slid 1.1% in May while capacity utilization fell to 68.3, according to data released by the Federal Reserve Board yesterday.

The drop in production levels followed a 0.7% decrease the previous month, originally reported as a 0.5% slip, while April capacity use was revised down to 69.0 from 69.1.

Thomson Reuters had forecast a 0.9% decrease for production, and a 68.4% level for capacity utilization.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.