Mumbai, Aug. 19 -- Industrial production and manufacturing output in the United States increased by 0.2% in July compared to the previous month, the Federal Reserve's Board of Governors stated in its report published on Tuesday.
On a yearly basis, industrial production expanded by 1.1%, while manufacturing output saw a 1.2% jump. Mining output rose by 0.2% on a monthly basis, and added 1.0% year-over-year. Meanwhile, the utilities index climbed by 0.5% compared to the month prior and went up by 0.7% year on year.
Capacity utilization for the total industrial sector stood at 76.3%, going up by 0.1 percentage points compared to the month before, which is 2.2 percentage points below its long-run average. Compared to the same period the year ...