Industrial Production Rebounds

After falling for five months in a row, industrial production has rebounded for two months in a row. IP rose by a healthy 0.6% in July.

Economists surveyed by The Wall Street Journal had expected a 0.4% increase in industrial production last month and capacity utilization of 78.0%.

Manufacturing output, which accounts for almost three-quarters of overall industrial production, rose 0.8% in July. The improvement was nearly entirely due to better automotive production. Auto and auto parts manufacturing increased 10.6%. Production elsewhere in manufacturing edged up just 0.1%.

Posted by on August 14th, 2015 at 11:21 am


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