07202017Thu
Last updateThu, 20 Jul 2017 3pm

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Manufacturing & The Economy

U.S. Industrial Output Rose for Fifth Straight Month in June

Industrial production rose 0.4% in June for its fifth consecutive monthly increase. Manufacturing output moved up 0.2%; although factory output has gone up and down in recent months, its level in June was little different from February. The index for mining posted a gain of 1.6% in June, just slightly below its pace in May. The index for utilities, however, remained unchanged. For the second quarter as a whole, industrial production advanced at an annual rate of 4.7%, primarily as a result of strong increases for mining and utilities. Manufacturing output rose at an annual rate of 1.4%, a slightly slower increase than in the first quarter. At 105.2% of its 2012 average, total industrial production in June was 2.0% above its year-earlier level. Capacity utilization for the industrial sector increased 0.2% in June to 76.6%, a rate that is 3.3% below its long-run (1972–2016) average. 

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