“Industrial production edged up 0.1 percent in July after rising at an average pace of 0.5 percent over the previous five months,” the Board of Governors of Federal Reserve System said on Wednesday.
Key quotes
“Manufacturing production increased 0.3 percent, the output of utilities moved down 0.5 percent, and, after posting five consecutive months of growth, the index for mining declined 0.3 percent.”
“At 108.0 percent of its 2012 average, total industrial production was 4.2 percent higher in July than it was a year earlier.”
“Capacity utilization for the industrial sector was unchanged in July at 78.1 percent, a rate that is 1.7 percentage points below its long-run (1972-2017) average”
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