US industrial production increased less than estimated in May as nondurable manufacturing fell, while mining output increased, Federal Reserve data showed Monday.
Industrial output inched up 0.1% last month following a 0.9% rise in April, the Fed said. The consensus was for a 0.3% increase in a survey compiled by Bloomberg.
Nondurable manufacturing output declined 0.9% in May amid drops in most categories, while the durable component increased 0.8%, led in part by a 1.2% rise in motor vehicles and parts production.
Overall manufacturing output was unchanged last month following a 0.7% gain in April.
Mining production rose 1.3% after a 0.2% gain, while utilities output decreased 0.4% following a 2.2% rise, Fed data showed.
Capacity utilization rose to 76.2% last month from 76.1% in April, according to the report.
Earlier this month, separate surveys by the Institute for Supply Management and S&P Global (SPGI) showed the US manufacturing sector expanded to its highest level in four years last month amid strength in demand and production, though price pressures remained elevated.
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