US May industrial production -0.2% vs +0.1% expected

• Prior was 0.0% (revised to +0.1%)
• Capacity utilization 77.4% vs 77.7% expected
• Manufacturing output +0.1% vs +0.2% expected
• Prior output -0.4% (revised to -0.5%)

There isn't exactly a rush to build in the USA, despite the tariffs.