The U.S. Federal Reserve said that U.S industrials production increased
0.3 percent in June after having been unchanged in May. For the second
quarter as a whole, industrial production moved up at an annual rate of
0.6 percent. In June, manufacturing production rose 0.3 percent
following an increase of 0.2 percent in May. The output at mines
advanced 0.8 percent in June, while the output of utilities decreased
0.1 percent. At 99.1 percent of its 2007 average, total industrial
production was 2.0 percent above its year-earlier level. The rate of
capacity utilization for total industry edged up 0.1 percentage point to
77.8 percent, a rate that was 0.1 percentage point above its level of a
year earlier but 2.4 percentage points below its long-run (1972-2012)
average.
Source by Commodity Insights
Source by Commodity Insights
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