At 103.5 per cent of its 2017 average, total industrial production in August was 0.2 per cent above its year-earlier level. Capacity utilisation moved up to 79.7 per cent in the month, in line with its long-run (1972–2022) average.
US industrial production increased by 0.4 per cent in August, and manufacturing output inched up by 0.1 per cent, the Federal Reserve said.
Manufacturing output rose by 0.1 per cent in the month for its second consecutive monthly gain, but was 0.6 per cent below its year-earlier level.
Capacity utilisation for manufacturing remained at 77.9 per cent in August.
Most major market groups, except motor vehicles and parts, posted increases in August. The index for consumer non-durables moved up by 0.4 per cent, and the index for materials advanced by 0.7 per cent, a Fed release said.
Manufacturing output rose by 0.1 per cent in August for its second consecutive monthly gain, but was 0.6 per cent below its year-earlier level.
The index for durable manufacturing edged up 0.1 per cent in the month, and the index for non-durable manufacturing increased by 0.2 per cent.
Capacity utilisation for manufacturing remained at 77.9 per cent in August—0.3 percentage point below its long-run (1972–2022) average.
Fibre2Fashion News Desk (DS)
