Industrial production grew 0.6% in June, the Federal Reserve reported Tuesday.

The increase followed a revised 0.5% decrease in May, first reported as a 0.1% slip.

Capacity utilization rose to 78.0% in June from May’s revised 77.7%, first reported as 77.9%.

Economists polled by IFR Markets projected a 0.5% increase for industrial production and a 78.3% capacity utilization rate.

Manufacturing output was up 0.8% in June, following a revised 1.0% drop in May.

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