Industrial production advances 0.9% in July

Source: Board of Governors of the Federal Reserve System

Aug 25, 2011

According to the Board of Governors of the Federal Reserve System, industrial production advanced 0.9% in July. Manufacturing output rose 0.6% in July, as the index for motor vehicles and parts jumped 5.2% and production elsewhere moved up 0.3%. At 94.2% of its 2007 average, total industrial production for July was 3.7 percentage points above its year-earlier level. The capacity utilization rate for total industry climbed to 77.5%, a rate 2.2 percentage points above the rate from a year earlier but 2.9 percentage points below its long-run (1972-2010) average.

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