Industrial Production Rises 0.3%, Capacity Use at 78.4% in June

Industrial production climbed 0.3% in June, the Federal Reserve reported Wednesday.

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The production decrease followed an unrevised 0.2% decrease in May.

Capacity utilization grew in June to 78.4% from a revised 78.2% the previous month, first reported as 78.1%.

Economists polled by Thomson Reuters projected a 0.2% increase for industrial production and a 78.1% capacity utilization rate.

Manufacturing output was unchanged in June following an unrevised flat level in May.

Utilities' output grew 1.5% in June after increasing a revised 1.2% in May, first reported as a 0.2% rise.


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