The Federal Reserve reported industrial production gained 0.4% after falling 0.4% in May, doubling the consensus forecast. At 109.6% of its 2012 average, total industrial production was 2.0% higher than a year earlier.
| Indicator | Prior | Prior Revised | Consensus Forecast | Forecast Range | Actual |
| Industrial Production – M/M ∆ | -0.5% | -0.4% | 0.2% | -0.1% — 0.5 | 0.4% |
| Manufacturing M/M ∆ | -0.5% | 0.2% | -0.1% — 0.2% | 0.2% | |
| Capacity Utilization Rate | 77.9% | 78.0% | 77.7% — 78.4% | 78.1% |
The indexes for manufacturing and mining rose 0.2% and 0.1%, respectively. The latter met the consensus forecast. The index for utilities rose 2.1%.
Capacity utilization for the industrial sector rise higher by 0.2% in May to 78.1%. That rate, which is 1.7% below its long-run (1972–2018) average, slightly beat the consensus forecast.
