Industrial production in the nation was up 0.5% in June while capacity utilization rose to 79.9, according to data released by the Federal Reserve Board yesterday.

The rise in production level followed a 0.2% decrease the previous month, while May capacity use was a revised 79.6, originally reported as 79.4.

IFR Markets had forecast a flat reading for production, and an 79.3% level for capacity utilization.

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