12:07 PM EDT, 06/28/2024 (MT Newswires) -- May US industrial production was revised down to a 0.7% gain from the 0.9% increase reported on June 18, while April production was revised down to a 0.1% decline from the previously reported flat reading, annual revisions released Friday by the Federal Reserve showed.

Capacity utilization was revised down in May to 78.2% from 78.7% in the previous report while April capacity utilization was revised down to 77.7% from 78.2%.