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flag US industrial production rose 0.3% in June, led by utilities, but factories remain underutilized.

flag US industrial production rose by 0.3% in June, exceeding expectations of a 0.1% increase, driven by a 2.8% jump in utilities output. flag Manufacturing saw a slight 0.1% growth, while mining output fell 0.3%. flag Despite the gains, capacity utilization was at 77.6%, still below the historical average of 79.6%, indicating factories are not operating at full capacity.

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