Industrial production was unchanged in June, as increases for both manufacturing and mining offset a decline for utilities. For the second quarter as a whole, industrial production declined at an annual rate of 1.2%, its second consecutive quarterly decrease. In June, manufacturing output advanced 0.4%.
Despite the gains in the past two months, factory production declined at an annual rate of 2.2% in the second quarter, about the same pace as in the first quarter. In June, the indexes for durables and for nondurables advanced 0.4% and 0.5%, respectively.