WASHINGTON, June 15 (Reuters) – U.S. factory production was unexpectedly unchanged in May as strength in the output of long-lasting manufactured goods like motor vehicles was offset by declines in non-durable goods.
The flat reading in manufacturing output reported by the Federal Reserve on Monday followed an upwardly revised 0.7% jump in April. Economists polled by Reuters had forecast production at factories would rise 0.2% after a previously reported 0.6% surge in April. Production at factories increased 1.4% on a year-over-year basis in May.
Durable manufacturing output increased 0.8%. Production of non-durable goods like food and textiles dropped 0.9%.
(Reporting by Lucia Mutikani; Editing by Paul Simao)
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