Industrial production edged higher in June

July 16, 2013 at 9:58 AM

WASHINGTON, July 16 (UPI) -- Industrial production rose 0.3 percent in June after a flat month in May, the U.S. Federal Reserve said Tuesday.

At an annual rate, industrial production gained 0.6 percent, unchanged from May.

Manufacturing output in June rose by 0.3 percent after rising 0.2 percent in May. Production at mines in June rose 0.8 percent, while output at utility companies fell 0.1 percent.

Total production in May was at 99.1 percent of its 2007 average and 2 percent above the level of June 2012, the Fed said.

The rate of capacity utilization among industrial firms -- the percentage of production compared to companies going at full steam -- rose 0.1 percentage points to 77.8 percent.

Related UPI Stories
Latest Headlines
Trending Stories
Pepsi to release 'Back to the Future Part II' inspired Pepsi Perfect
Nobel Prize in medicine awarded to parasitic disease scientists
Womb transplants begin in U.K. after Sweden's success
Gay Vatican priest comes out day before Pope Francis begins synod on family issues
Scientists find roadmap that may lead to 'exercise pill'