FX.co ★ US Manufacturing Output Stalls in May

US manufacturing output was flat in May, falling short of market expectations for a 0.3% increase, after an upwardly revised 0.7% gain in April. Production of durable goods rose 0.8%, with output increasing in nearly all categories. Within durables, indexes for wood products, nonmetallic mineral products, primary metals, and motor vehicles and parts each advanced by more than 1%. In contrast, production of nondurable goods declined 0.9% in May, with decreases recorded in almost every category. Manufacturing capacity utilization was unchanged at 75.7%, remaining 2.5 percentage points below its long-run average (1972–2025).