U.S. Industrial Production Inches Up 0.1% In June, Slightly Less Than Expected
Complete. Here is the key summaryU.S. industrial production increased by 0.1% in June, slightly below the expected 0.2% rise, according to a Federal Reserve report. This growth matched May's performance. Mining and utilities output both grew by 0.4%, while manufacturing output remained unchanged.
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Industrial production in the U.S. edged slightly higher in the month of June, according to a report released by the Federal Reserve on Friday.
The Fed said industrial production crept up by 0.1 percent in June, matching the uptick seen in May. Economists had expected industrial production to rise by 0.2 percent.
The report showed both mining and utilities output grew by 0.4 percent during the month, while manufacturing output was unchanged.
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