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Industrial production rose in July

Aug. 15, 2012 at 11:32 AM   |   Comments

WASHINGTON, Aug. 15 (UPI) -- Industrial production rose 0.6 percent in July after rising 0.1 percent in May and June, the U.S. Federal Reserve said Wednesday.

Output in manufacturing, one of three industrial divisions, rose 0.5 percent, matching its increase in June. Output at U.S. mines increased 1.2 percent and output at utility firms rose 1.3 percent.

Capacity utilization -- measuring production as a percentage of manufacturing, mining and utilities operating at full steam -- rose 0.4 percentage points in July to 79.3 percent, a rate 1 percentage point below its 1972-2011 average.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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