U.S. industrial output flat in May

The factory sector has rebounded from doldrums seen during the first three months of the year, but the improvement remains moderate.
Output at the nation's factories and utilities was flat in May, the Federal Reserve said. In addition, production was weaker in April that initially estimated: industrial output in April rose 0.4%, as opposed to the 0.7% growth previously projected. On a year-over-year basis, industrial production is up 1.6%.

Capacity utilization dropped slightly in May, down to 81.3% from 81.5% in April. Over the past year, capacity has grown 2.1%.