US Daily Data Recap: Flat manufacturing IP & Empire State moderates

Research evidence excerpt

US Daily Data Recap: Flat manufacturing IP & Empire State moderates

Global Research

15 June 2026ab

US Daily Data Recap Economics

AmericasFlat manufacturing IP & Empire State moderates

Amanda Wilcox

Economist

Manufacturing output was flat in May, and is up 1.3% over the year. Under the hood, amanda.wilcox@ubs.com

+1-212-713 3899

high-tech manufacturing is up 12.6% year-over-year, while the rest is up 1.1%. Motor

vehicle production has picked up year-to-date and rose another 1.2% in May after Jonathan Pingle

restructuring (lower) electric vehicle production last year. Ex-autos manufacturing was Economist

flat in May. The Empire State manufacturing survey’s general business conditions index jonathan.pingle@ubs.com

+1-212-713 2225

fell 13.9 points to 5.7 in June, reversing recent gains, with pullbacks in the new orders

and shipments indexes, though most subindexes remained in expansion territory. Alan Detmeister

alan.detmeister@ubs.com

The NAHB housing market index fell 2 points to 35 in June, marking a 14th straight +1-212-713 1222

month below 40 — a streak unseen since the 2011 to 2012 period. Weakness was

Abigail Wattconcentrated in the South while other regions held steady or improved. Builder

sentiment remains historically subdued amid ongoing affordability pressures, including abigail.watt@ubs.com

mortgage rates, which have risen back to ~6.6% after declining to ~6% earlier this year. +1-212-882 6929

Jalen Nichols

Industrial production moves sideways in May

Headline industrial production rose 0.1% in May, in line with our projection, with IP supported by motorjalen.nichols@ubs.comvehicles in

manufacturing output rounded flat (0.0%). That left headline IP up 1.7% and May while nondurables+1-212-882production6905