US industrial production up one percent in July over June

Wednesday, 18 August 2010 12:04:03 (GMT+2)

According to the statistics released by the US Federal Reserve, US industrial production rose one percent month on month in July after having edged down 0.1 percent in June. As compared to July 2009 levels, US industrial production rose 7.7 percent in July this year.
 
A large contributor to the jump in manufacturing output in July was the increase of nearly 10 percent month on month in the production of motor vehicles and parts; even so, manufacturing production excluding motor vehicles and parts advanced 0.6 percent compared to June.
 
The production index for durable goods manufacturing jumped 2.1 percent in July over June. In addition, fabricated metal products, machinery, computers and electronic products, aerospace and miscellaneous transportation equipment, and miscellaneous manufacturing all recorded gains of between 1.0 and 2.0 percent month on month.

The capacity utilization rate for total industry moved up to 74.8 percent in July, up 5.7 percentage points year on year, but 5.8 percentage points below the average from 1972 to 2009.

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