Industrial production up 0.2%, capacity use at 76.7% in July
Industrial production was up 0.2% in July, the Federal Reserve reported Thursday.
The increase followed an unrevised 0.4% gain in June.
Capacity utilization held at 76.7% in July, unchanged from June’s revised figure, first reported as 76.6%.
Economists polled by IFR Markets projected a 0.3% increase for industrial production and a 76.7% capacity utilization rate.
Manufacturing output dipped 0.1% in July, following a 0.2% gain in June.
Utilities’ output was up 1.6% after decreasing 1.2% in June, while mining was up 0.5% after a 2.0% gain the month before.