According to the Federal Reserve, industrial production increased 1% in July following two months of decrease.
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Manufacturing output rose by 0.5% in July with production of motor vehicles and parts increasing by 5.2%. The index for mining increased by 0.5%. The index for utilities rose by 5.4% in July.
Total industrial production for July was at 102.9% of its 2017 average, down 0.2% from the prior-year period.
The capacity utilization rate increased in July to 79.3%.
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