U.S. INDUSTRIAL OUTPUT MISSES FORECAST U.S. industrial production rose 0.2% in July, below the 0.3% forecast. Manufacturing output increase…
U.S. INDUSTRIAL OUTPUT MISSES FORECAST
U.S. industrial production rose 0.2% in July, below the 0.3% forecast.
Manufacturing output increased 0.2%, matching expectations, while mining gained 0.2% and utilities rose 0.5%.
Capacity utilization edged up to 76.3%, in line with forecasts.
Meanwhile, the annualized motor vehicle assembly rate fell to 10.68 million units from 10.99 million in June.