Industrial production rises
Industrial production increased 0.6 percent in July after having risen 0.1 percent in both May and June.
In July, manufacturing output increased 0.5 percent and was 5.0 percent above its year-earlier level. The factory operating rate moved up 0.2 percentage point in July to 77.8 percent, a level 1.0 percentage point below its long-run average.
The production index for durable goods increased 0.8 percent in July. Gains of more than 1 percent were recorded in primary metals, in computer and electronic products, in motor vehicles and parts, in aerospace and miscellaneous transportation equipment, and in miscellaneous manufacturing. Only wood products, nonmetallic mineral products, and machinery posted decreases. Capacity utilization for durable goods manufacturing was 78.6 percent, a rate 5.1 percentage points above its year-earlier level and 1.5 percentage points above its long-run average.
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INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
