July US Industrial Production
International Trading
THE TECHNIQUE OF GIVING A GOOD MASSAGE
14 years ago
Wednesday, August 18, 2010
, Posted by Usman Ali Minhas at 2:34 AM
US industrial production increased a more-than-estimated 1.0% m/m in July, the fourth gain in five months, after a downwardly revised 0.1% m/m June decline (vs. previously reported +0.1% m/m), according to data released by the Federal Reserve. April’s gain was revised up to 0.4% m/m (vs. previously reported +0.3% m/m). Industrial production rose 7.7% y/y in July, a seventh straight year-on-year rise. Overall capacity utilization advanced to 74.8% in July from 74.1% in the prior month. Manufacturing production grew 1.1% m/m in July, the fourth positive reading in five months, after a downwardly revised 0.5% m/m June decrease (vs. previously reported -0.4% m/m). Manufacturing capacity utilization increased to 72.2% from June’s 71.4%.
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