Industrial Production Unch, Capacity Use Dips to 77.6% in July

Industrial production was unchanged July after increasing a revised 0.2% in June, originally reported as a 0.3% gain, the Federal Reserve reported Thursday.

Capacity utilization edged down to 77.6% from a revised 77.7% June, first reported as 77.8%.

The July figures were slightly lower than the median 0.3% increase in industrial production and 78.0% capacity utilization predicted by economists polled by Thomson Reuters.

Manufacturing output was down 0.1% for July following a 0.2% increase the previous month, which was originally reported as a 0.3% increase.

Utilities fell 2.1% in July after sliding a revised 0.8% in June, originally reported as a 0.1% decrease.

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