• U.S. Industrial Production – 4% Higher Than Year Ago – Still 2 Points Below 2007

---

Industrial production increased 0.6 percent in July after having risen 0.1 percent in both May and June. Manufacturing output rose 0.5 percent in July, the same rate of increase as was recorded for June. In July, the output of mines increased 1.2 percent, and the output of utilities rose 1.3 percent. At 98.0 percent of its 2007 average, total industrial production in July was 4.4 percent above its year-earlier level. Capacity utilization for total industry moved up 0.4 percentage point to 79.3 percent, a rate 1.0 percentage point below its long-run (1972--2011) average. SOURCE: Federal Reserve