Industrial production rose 5.4 percent in June
Total industrial production rose 5.4 percent in June after increasing 1.4 percent in May but remains 10.9 percent below its pre-pandemic February level.
Manufacturing output increased 7.2 percent in June, but it was still 11.1 percent below its pre-pandemic February level; factory output fell 47.0 percent at an annual rate in the second quarter. The index for durable manufacturing rose 11.6 percent in June. Despite substantial gains in the past two months, the output of motor vehicles and parts remained nearly 25 percent below its February level. The index for nondurables rose 3.4 percent, with sizable gains for apparel and leather and for plastics and rubber products. The output of other manufacturing (publishing and logging) increased 2.2 percent.
INDUSTRIAL SUPPLY MAGAZINE
The July/Aug. issue of Industrial Supply magazine is off the press. It features an in-depth cover story about how Brown Aviation Tool Supply created a niche in the aerospace market. Plus articles by contributing writers that include Troy Harrison, Tim Rasmussen, Jason Bader and other leading experts in the distribution community.
