US industrial production edges higher in June

(Sharecast News) - US industrial production edged higher in June, with output also strengthening over the second quarter, according to the Federal Reserve. Total production rose 0.1% on the month and increased at a 4% annualised pace in Q2.

Manufacturing was flat in June but still grew at a 4.7% annual rate over the period, while both mining and utilities posted 0.4% gains.

Overall industrial output stood at 102.6% of its 2017 average, up 1.1% on the year.

Capacity utilisation was unchanged at 76.1%, remaining 3.3 percentage points below its long‑run average.







Reporting by Iain Gilbert at Sharecast.com