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“Industrial production rose 0.6 percent in June after declining 0.5 percent in May,”  the Board of Governors of the Federal Reserve reported on Tuesday.

Key takeaways from the official publication

  • For the second quarter as a whole, industrial production advanced at an annual rate of 6.0 percent, its third consecutive quarterly increase.
  • Manufacturing output moved up 0.8 percent in June.  
  • At 107.7 percent of its 2012 average, total industrial production was 3.8 percent higher in June than it was a year earlier.
  • Capacity utilization for the industrial sector increased 0.3 percentage point in June to 78.0 percent, a rate that is 1.8 percentage points below its long-run (1972-2017) average.