June Industrial Production Rose 0.3%

Washington, DC, July 15, 2015—Industrial production increased 0.3% in June but fell at an annual rate of 1.4% for the second quarter of 2015, according to the Federal Reserve.

In June, manufacturing output was unchanged: the output of motor vehicles and parts fell 3.7%, but production elsewhere in manufacturing rose 0.3%.

The indexes for mining and utilities advanced 1.0% and 1.5%, respectively. At 105.7% of its 2007 average, total industrial production in June was 1.5% above its year-earlier level.

Capacity utilization for the industrial sector increased 0.2 percentage point in June to 78.4%, a rate that is 1.7 percentage points below its long-run (1972–2014) average.