Industrial Output Increased in June
U.S. industrial production picked up in June, as a rebound in manufacturing activity offset declining output in the utilities sector. According to the Federal Reserve, industrial output rose 0.4% last month. Capacity utilization increased slightly, as well, climbing to 78.9% from 78.7% the previous month. Still, utilization rates remain a bit below the 1972-2011 average just above 80%.
Read the full report: Industrial Production and Capacity Utilization