U.S. Industrial Production Growth Rate in May Subsides on last year, Slowest Growth since February 2010

The U.S. Industrial Production Index increased by only 1.61% in May compared to same period last year. This was the slowest year on year growth since February 2010. The current index value of 98.7 is 2.1% lower than the all-time high of 100.8 hit in December 2007.