Industrial Production Rises 0.6%, Capacity Use at 78.4% in July

Industrial production climbed 0.6% in July, the Federal Reserve reported Friday.

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The production increase followed a revised 0.1% rise in June, first reported as a 0.2% increase.

Capacity utilization grew in July to 78.0% from a revised 77.7% the previous month, first reported as 77.8%.

Economists polled by Thomson Reuters projected a 0.3% increase for industrial production and a 78.0% capacity utilization rate.

Manufacturing output was up 0.8% in July following a 0.3% decline in June, first reported as a 0.1% dip.

Utilities' output fell 1.0% in July after increasing 2.3% in June, while mining was up 0.2% after a 0.7% increase the month before.


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