Keeping you up to date on the latest data releases.
- Industrial Production
The industrial production index increased 0.4 percent in June following a 0.2 percent decline in May. The near-term trend (three-month annualized growth) of industrial production has increased to 3.8 percent from 0.0 percent in May. From this time last year, industrial production is up 4.6 percent, right in line with readings seen since the beginning of the year. Manufacturing rose 0.4 percent in June after having fallen 0.7 percent in May. Manufacturing production has slowed markedly to 1.4 percent in the second quarter from 9.8 percent in the first quarter of 2012. Breaking down the monthly manufacturing sector, durable and nondurable goods increased 0.8 percent and 0.4 percent, respectively. Most durable goods industries posted gains in June, with the machinery and motor vehicles and parts exhibiting the largest gains at 2.3 percent and 1.9 percent. Overall capacity utilization edged up 0.2 percent to 78.9 percent of capacity.