Industrial Production Rises 0.3%, Capacity Use Inches Up to 77.8% in June

Industrial production rose 0.3% in June after a flat May, while capacity utilization edged up to 77.8% from a revised 77.7% in May, first reported as 77.6%, the Federal Reserve reported Tuesday.

Economists polled by Thomson Reuters predicted a 0.3% increase in industrial production and 77.7% capacity utilization.

Manufacturing output was up 0.3% for June following a 0.2% increase the previous month, originally reported as a 0.1% increase.

Utilities fell 0.1% in June after sliding a revised 2.8% in May, originally reported as a 1.8% decrease.

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