Thursday, June 17, 2010

Industrial Production Up 1.2%, Manufacturing Up 0.9%

In May, industrial production rose 1.2%. Manufacturing output continued to expand, increasing by 0.9%. This was the third consecutive month of manufacturing growth near 1.0%. The manufacturing sector remains in a phase of strong recovery.

Mining output fell 0.2%, ending four months of strong growth. Utilities output rose 4.8% after declining in March.

The capacity utilization rate rose for the ninth consecutive month, increasing by 1.0 point to 74.7%. There still remains heavy productive slack; however, an increasing utilization rate is an encouraging step in the right direction as it will have to continue to increase in order to drive significant capital expenditures and payroll expansion.

10.06.16 (Source: Federal Reserve)

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