Here comes industrial production ...

The latest reading on industrial production is due at 9:15 a.m. ET.

Economists forecast that production rose 0.2% month-over-month in May after falling by 0.3% in April.

Capacity utilization is also expected to climb, to 78.3% from 78.2%.

Here’s UBS’ preview of the data in a weekly note to clients:

“We forecast a slight increase in industrial production in May after five consecutive monthly declines. Manufacturing and utilities probably rose healthily, including a boost from light vehicle production. We also forecast a 0.2% rise in non-auto output in May. However, mining production appears to have remained weak in May, with an ongoing collapse in well drilling.”

We’ll be back with the numbers once they cross…

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