According to the Federal Reserve, industrial production decreased by 0.5% in June for a second consecutive month of decrease. Still, industrial production rose 0.7% at an annual rate for the second quarter.
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Manufacturing output decreased by 0.3% but rose by 1.5% in the second quarter. The index for mining declined by 0.2%. The index for utilities dropped by 2.6% in June.
Total industrial production for June was at 102.2% of its 2017 average, down 0.4% from the prior-year period.
The capacity utilization rate decreased in June to 78.9%.
