(Federal Reserve) US saw its industrial production rise by 0.9% in July, a further rise from 0.2% increase in June.
July’s total industrial production was 6.6% above last year level, but 0.2% below the pre-pandemic level in February 2020.
Capacity utilization in the industrial sector surged by 0.7% in July to hit 76.1%, remaining 3.5% below the long-run average between 1972-2020.
Manufacturing output rose 1.4% in June, with about half of the increase attributable to a 11.2% surge in motor vehicles and parts. Vehicle assemblies were constrained by semiconductor shortages, with the production of motor vehicles and parts below the peak reached in January 2021.
Utilities output fell 2.1% in July, as the mining index surged 1.2%.
DJI is down -0.85%, DXY is up +0.48%.
