Industrial production increased 0.4 percent in June
Industrial production increased 0.4 percent in June after moving up 0.7 percent in May.
In June, manufacturing output edged down 0.1 percent, as an ongoing shortage of semiconductors contributed to a decrease of 6.6 percent in the production of motor vehicles and parts. Excluding motor vehicles and parts, factory output increased 0.4 percent.
For the second quarter as a whole, total industrial production rose at an annual rate of 5.5 percent. Manufacturing output increased at an annual rate of 3.7 percent despite a drop of 22.5 percent for motor vehicles and parts.
In June, manufacturing output edged down 0.1 percent and was 0.8 percent below its pre-pandemic level. Production of durable goods slipped 0.2 percent; in addition to the drop for motor vehicles and parts, declines of more than 1.0 percent were recorded by nonmetallic mineral products and by electrical equipment, appliances, and components. The output of nondurable goods rose 0.2 percent. The largest increases were recorded by printing and support activities and by petroleum and coal products, while the largest decreases were recorded by paper and by apparel and leather. The output of other manufacturing (publishing and logging) declined 0.8 percent.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
