WASHINGTON — Industrial production rose 0.2% in June, the first increase in three months, the Federal Reserve reported Friday.
Capacity utilization was unchanged in June at 76.7%.
Economists expected industrial production would rise 0.3% and capacity utilization would increase to 77.0%.
June manufacturing output was flat following a 0.1% gain in May. Utility output increased 0.9% after a 2.0% drop in May.
In the second quarter, production increased 0.8% at an annual rate.