WASHINGTON (Dow Jones) – Industrial production in the U.S. has developed better than expected in June , with the Capacity utilization remained at the previous month . As the Federal Reserve on Thursday announced that the increased production over the previous month by 0.1 % in May after having risen by 1.3 %. ( Reuters photo 🙂
Economists , however, had a decline in production by 0.1 % forecast. Capacity utilization was expected in June at 74.1 %. On average in the year 1972-2009 had the Utilization 80.6 % respectively.
In the manufacturing sector , which for much of the Industrial production has been , in June, within a month Production fell by 0.4% (previous month : up 1.0 %), and what is before particularly on a significant decline in vehicle production was due . For the suppliers, was found as a result of hot Weather, an increase of 2.7 % ( plus 5.6%). In the production of durable consumer goods was a fall of 1.2% ( plus 2.5 %) registered, with consumer goods resulted in a decrease of 0.4 % ( plus 1.8%).
The production of capital goods increased by 0.9 (Up 1.4 %), for materials , a decrease of 0.3 % (up 0.3 %) recorded. The mining sector recorded a growth of 0.4% (down 0.3%).
DJG / DJN / kth / mle / mrf