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United States Capacity Utilization below expectations (77.7%) in May: Actual (77.4%)

United States Industrial Production (MoM) came in at -0.2%, below expectations (0.1%) in May

United States Industrial Production (MoM) came in at -0.2%, below expectations (0.1%) in May
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US Industrial Production contracts 0.2% in May vs. 0.1% expected

Industrial Production in the United States (US) contracted by 0.2% on a monthly basis in May, the data published by the Federal Reserve showed on Tuesday. This reading followed the 0.1% growth recorded in April and came in worse than the market expectation for an expansion of 0.1%.
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