US industrial production was unchanged in June - Recent News from USA
US industrial production was unchanged in June

US industrial production was unchanged in June

Workers prepare an order of aluminum materials for shipping at the Eastern Metal Supply facility in Lake Worth, Florida.

Mark Elias | Bloomberg | Getty Images

U.S. industrial production was flat in June, as a slump in utilities was offset by gains in output by factories and mining.

The Federal Reserve says manufacturing production increased 0.4% last month, aided by a 3% surge at auto plants. Still, factory output has been weak over the past 12 months, posting a modest gain of just 0.4%. The manufacturing sector has faced challenges because of President Donald Trump’s tariffs against China and the retaliatory taxes imposed by that country.

Production at the nation’s utilities fell 3.6%, as a milder than usual June led to less demand for air conditioning. Production at mines, a sector that also covers oil and gas drilling, advanced a modest 0.2%.

Capacity utilization fell in June to 77.9% from 78.1% in May.

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