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Indicators

US Industrial Output Declines for Second Time in Three Months

A work assembles a mid-size vehicle at a manufacturing plant in Canton, Mississippi.

Photographer: Daniel Acker/Bloomberg

Takeaways by Bloomberg AI

US industrial production fell in May for the second time in three months as utility output declined and manufacturers struggled for traction against a backdrop of cooler demand.

The 0.2% decrease in production at factories, mines and utilities followed a revised 0.1% gain a month earlier, Federal Reserve data showed Tuesday. The median estimate of Bloomberg survey of economists called for no change.