Total industrial production increased by 0.6% in July, according to the Federal Reserve. Manufacturing rose 0.7% after having fallen 0.4% in each of the two prior months.
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The index for utilities decreased by 0.8%, while the index for mining increased for the third consecutive month and rose by 0.7%. Capacity utilization grew 0.4% to 80.3%, a 0.7% increase from its long-run average between 1972-2021.
