US industrial production slightly up in June
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According to the statistics released by the US Federal Reserve, US industrial production edged up 0.1 percent month on month in June after having risen 1.3 percent in May. The rate of change for March was revised up, and the rate of change for April was revised down. As compared to June 2009 levels, US industrial production rose 8.2 percent in June this year.
Meanwhile, in the second quarter of 2010, total industrial production of the US increased 6.6 percent as compared to the corresponding period of 2009.
Manufacturing output moved down 0.4 percent in June after three months of gains at or near 1 percent, while the output of mines rose 0.4 percent, both compared to May.
The production index for durable goods manufacturing edged up 0.1 percent in June. Among its major categories, the largest increases were in primary metals and machinery
The capacity utilization rate for overall US industry remained unchanged in June at 74.1 percent, 5.9 percentage points above the year-ago rate but 6.5 percentage points below the average from 1972 to 2009.
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