The 2020 Mid-Year Economic Update_long

Industrial Output Falls 0.1% in May

Industrial production declined 0.1% in May after an increase of 0.8% in April. Manufacturing production also fell 0.1 percent last month. The output index for mining moved down 0.2%, but the output index for utilities was up by the same amount. At 112.1% of the 2002 average, overall industrial output was 4.3% above its May 2005 level.


The rate of capacity utilization for total industry fell 0.2 percentage point, to 81.7%, a rate that is 0.7 percentage point above its long-run (1972-2005) average. The factory operating rate fell 0.3 percentage point, to 80.5%, and the mining operating rate edged down to 89.6%, but the rates in both sectors remained above their long-run averages. The capacity utilization rate for utilities edged up, to 86.5 percent, in May but remained slightly below its 1972-2005 average.


Find this month’s detailed industrial production/capacity utilization here. 

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.