Industrial Production Up 0.4%, Capacity Use Rises to 77.8% in August

WASHINGTON — Industrial production rose 0.4% in August after having been unchanged the previous month, the Federal Reserve reported Monday.

Capacity utilization edged up to 77.8% from an unrevised 77.6% in July.

The August industrial production and capacity utilization figures matched the median projections of economists polled by Thomson Reuters.

Manufacturing output was up 0.7% for August following a 0.4% decrease the previous month, which was originally reported as a 0.1% decrease.

Utilities fell 1.5% in August after sliding a revised 1.3% in July, originally reported as a 2.1% decrease.

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