“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.
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