US industrial production for May -0.1% vs. 0.2%

Capacity utilization 77.9% vs 78.1% estimate

The US industrial production from a came in weaker than expected at -0.1% versus +0.2%.

• Capacity utilization also fell. Went to 77.9% versus 78.1% expectations and 78.1% last month (revised from 78.0%)
• Manufacturing output -0.7% vs +0.1% expectatations
• mining output +1.8% vs 1.0% in April
• utility output +1.1% vs 3.2% in April
• industrial output ex cars/parts, +0.3% versus 1.1% in April
• motor vehicle assembly rate fell to 10.4 5 million units per year from April's 11.6 million units per year

The USD has moved a bit lower on the weaker report.