Industrial Output up less than expected
Industrial production in the US rose less than expected in June, but was up from the previous month. Capacity utilization which measures the performance of factories in comparison with their full potential was unchanged, missing forecast for a slight rise.
Industrial production m/m rose to 0.2% from 0.1%, but less than the expected 0.3%. Capacity utilization rate was unchanged at 76.7 versus consensus for 76.9.
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