Wednesday, July 16, 2014

Industrial Production Improved 0.2% in June

Industrial production rose 0.2% in June, following a revised 0.5% increase in May. Manufacturing and mining contributed to June’s growth, moderately offset by a decline in utilities.

Manufacturing growth improved 0.1% in June. Motor vehicle parts and non-durable goods each declined 3.0% in June. High-tech drove manufacturing growth at 4.0%.

Mining production grew 0.8% in June. Utilities production decreased 0.3%, declining for the fifth month in a row. The capacity utilization ratio remained the same in June at 79.1%.

Read the Federal Reserve release.

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