US industrial production rose 0.9% in May, marking the largest monthly increase since January 2023.

US industrial production increased 0.9% in May, exceeding all forecasts and marking the biggest monthly jump since January 2023. The gain was driven by a broad-based pickup in factory output, which climbed 0.9%, led by consumer goods. The figures contrast with other data indicating that manufacturing has struggled to regain momentum due to elevated input prices, inconsistent consumer demand, and high borrowing costs.