Industrial Production Up 0.6% in August
Washington, DC, September 17, 2019-Industrial production rose 0.6% in August after declining 0.1% in July, according to the Federal Reserve.
Manufacturing production increased 0.5%, more than reversing its decrease in July. Factory output has increased 0.2% per month over the past four months after having decreased 0.5% per month during the first four months of the year.
In August, the indexes for utilities and mining moved up 0.6% and 1.4%, respectively. At 109.9% of its 2012 average, total industrial production was 0.4% higher in August than it was a year earlier. Capacity utilization for the industrial sector increased 0.4 percentage point in August to 77.9%, a rate that is 1.9 percentage points below its long-run average.