US industrial production rose 0.6% in June, exceeding expectations, with factory output up 0.4%.

US industrial production increased by 0.6% in June, exceeding expectations and following a 0.9% rise in May. Factory output rose 0.4% in June, contributing to a 3.4% annualized rate increase in Q2. Manufacturing capacity utilization increased to 78.8%. Amid subsiding inflation, optimism is growing for improved manufacturing activity as the US central bank may ease monetary policy in September.

July 17, 2024
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