Updated: 17-Jul-26 09:39 ET
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| Updated: 17-Jul-26 09:39 ET |
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Highlights
- Industrial production increased just 0.1% month-over-month in June (Briefing.com consensus: 0.3%) following an unrevised 0.1% increase in May.
- The capacity utilization rate was 76.1% (Briefing.com consensus: 76.2%), unchanged from a downwardly revised 76.1% (from 76.2%) in May.
- Total industrial production was up 1.1% year-over-year.
- The capacity utilization rate is 3.3 percentage points below its long-run average.
Key Factors
- Manufacturing output was flat following an upwardly revised 0.1% increase (from 0.0%) in May. Production of durable goods fell 0.1%, while production of nondurable goods increased 0.2. Manufacturing capacity utilization dipped to 75.7% from 75.8%.
- Mining output rose 0.4% month-over-month following a 1.1% increase in May. Mining capacity utilization increased to 87.4% from 87.0%.
- Utilities output increased 0.4% month-over-month after sliding 0.7% in May. Utilities capacity utilization was 69.5% versus 69.3% in May.
Big Picture
- The key takeaway from the report is that there was no increase in manufacturing output, something that hasn't happened since January.
| Category |
JUN |
MAY |
APR |
MAR |
FEB |
| Industrial Production |
|
|
|
|
|
| Total Index |
0.1% |
0.1% |
0.8% |
-0.3% |
0.9% |
| Manufacturing |
0.0% |
0.1% |
0.7% |
0.2% |
0.7% |
| Utilities |
0.4% |
-0.7% |
0.8% |
-1.9% |
0.4% |
| Mining |
0.4% |
1.1% |
1.3% |
-1.8% |
2.5% |
| Capacity Utilization |
|
|
|
|
|
| Total Industry |
76.1% |
76.1% |
76.1% |
75.5% |
75.8% |
| Manufacturing |
75.7% |
75.8% |
75.7% |
75.2% |
75.2% |