WASHINGTON — Industrial production decelerated in August as the pace of growth slowed to 0.2% from 0.6% in July, the Federal Reserve Board reported Wednesday. The gain matched economists’ expectations.

Industrial capacity utilization — a measure of factory usage — rose to 74.7% from 74.6%, and is 4.7 percentage points higher than a year ago. Economists expected utilization to reach 75%, according to the median estimate from Thomson Reuters.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.