July 17, 2007
June industrial production up
By Matthew L. Brown
According to the Federal Reserve, U.S. industrial production rose 0.5 percent in June after a decrease of 0.1 percent in May.
At 113.4 percent of its 2002 average in June, total industrial production was 1.4 percent above its level from the previous year.
Manufacturing output moved up 0.6 percent in June; excluding motor vehicles and parts, factory output increased 0.4 percent after seeing no change in May.
For the second quarter as a whole, total industrial production advanced at an annual rate of 2.9 percent after an increase of 1.1 percent in the first quarter.
At 113.4 percent of its 2002 average in June, total industrial production was 1.4 percent above its level from the previous year.
Manufacturing output moved up 0.6 percent in June; excluding motor vehicles and parts, factory output increased 0.4 percent after seeing no change in May.
For the second quarter as a whole, total industrial production advanced at an annual rate of 2.9 percent after an increase of 1.1 percent in the first quarter.
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