Quick Overview

• U.S industrial production fell 0.7% MoM, matching the largest decline since the one following Hurricane Katrina
  

• The Fed’s Philadelphia's index of manufacturing improved from -24.9 to -15.6 in May
  

• The Fed’s New York's index of manufacturing fell from +.63 to -3.23 in May,

• GDP in the Euro area rose 0.7% in the first quarter of 2008 and up 2.2% YoY.
  

• Japan's machinery orders fell 8.3% in March.
  

• Canada’s manufacturing fell 1.6% on the month.
  

• The U.S. Department of Energy said underground supplies of natural gas rose 93 billion cubic feet to 1.529 trillion cubic feet.