Posted July 16, 2019

Industrial production unchanged in June

Industrial production was unchanged in June, as increases for both manufacturing and mining offset a decline for utilities.

For the second quarter as a whole, industrial production declined at an annual rate of 1.2 percent, its second consecutive quarterly decrease.

Manufacturing output increased 0.4 percent in June after moving up 0.2 percent in May. Despite the gains in the past two months, factory production declined at an annual rate of 2.2 percent in the second quarter, about the same pace as in the first quarter. In June, the indexes for durables and for nondurables advanced 0.4 percent and 0.5 percent, respectively.

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