Industrial Production Slipped 0.1 percent in May
Industrial production fell 0.1 percent in May after an upwardly revised 0.9 percent increase in April, according to the Federal Reserve. Capacity utilization nudged down to 77.9 percent in May, but remains the second highest level in three years. Manufacturing output declined 0.7 percent after remaining unchanged last month. Production of durable goods decreased 1.0