Industrial Production Up Modestly
WASHINGTON, Sept. 15 (UPI) — Industrial production rose 0.2 percent in August after advancing 0.9 percent in July, the U.S. Federal Reserve Board said Thursday.
Manufacturing output rose 0.5 percent, with production of durable goods up 1.3 percent and production of non-durable goods down 0.1 percent.
Output from U.S. utility firms dropped 3 percent, as July’s heat wave gave way to cooler weather.
Production at mines rose 1.2 percent in the month compared with July.
Capacity utilization — measuring production as a percentage of manufacturing, mining and utilities operating at full steam — climbed 1.9 percentage points to 77.4 percent, 3 points below its long-term, 1972 to 2010 average, the Fed said.
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