Core Viewpoint - The U.S. industrial output unexpectedly declined by 0.2% in May, marking the second drop in three months, attributed to a decrease in utility production and weak manufacturing demand [1][3]. Group 1: Industrial Output Overview - The overall industrial output in the U.S. fell by 0.2% in May, contrary to market expectations of no change, while April's output was slightly revised to a 0.1% increase [1]. - Industrial output comprises three sectors: manufacturing, mining, and utilities. In May, manufacturing output saw a slight increase of 0.1%, while utility production dropped by 2.9% [3]. Group 2: Manufacturing Sector Insights - The slight increase in manufacturing output was primarily driven by a nearly 5% rise in automobile assembly, with an annualized production rate of 11.19 million vehicles, the fastest growth in over a year [4]. - Excluding automobiles, other manufacturing outputs have declined for two consecutive months, particularly in machinery and metal products, which negatively impacted overall performance [6]. Group 3: Consumer Demand and Business Sentiment - Consumer goods manufacturing, including automobiles, home appliances, and electronics, has experienced a decline for the third consecutive month, indicating a cooling in consumer demand [7]. - Businesses are hesitant due to fluctuating U.S. trade policies and tariff arrangements, making it difficult to assess real domestic and international demand, leading to an uncertain short-term outlook for manufacturing [8].

6月17日消息，美国5月工业产出环比下降0.2%，预期为0.10%，前值由0.00%修正为0.1%。 ...

美国5月工业产出环比 -0.2%，预期 0%，前值 0%。 ...

欧元区4月工业产出环比 -2.4%，预期 -1.7%，前值 2.6%。 ...

Group 1 - The final value of Japan's industrial output for April is 0.5% year-on-year, revised down from the initial estimate of 0.7% [1]

日本4月工业产出环比终值 -1.1%，初值 -0.9%。 ...

意大利4月未季调工业产出同比 -1.2%，前值 -0.3%。 ...

法国4月工业产出环比 -1.4%，预期 0%，前值 0.2%。 ...

德国4月工业产出同比 -1.8%，预期 -1%，前值 -0.2%。 ...

德国4月工业产出环比 -1.4%，预期 -1%，前值 3%。 ...