Industrial production increased 0.4 percent in June after a 0.2 percent decline in May. In the manufacturing sector, output advanced 0.7 percent in June and reversed a decrease of 0.7 percent in May, according to the Federal Reserve.
We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.
Outside of manufacturing, the output of mines advanced 0.7 percent in June, while the output of utilities decreased 1.9 percent. At 97.4 percent of its 2007 average, total industrial production in June was 4.7 percent above its year-earlier level.
Capacity utilization for total industry moved up 0.2 percentage point to 78.9 percent, a rate 1.4 percentage points below its long-run (1972--2011) average.
Download the pdf below for more details.
Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.
Download the Top 40 Industrial Distributor List
Get the Top 40 Industrial Distributors list in PDF, and you will be signed up to receive MDM Update, your free daily distribution news update by email.