• Analytics
  • News and Tools
  • Market News
  • U.S. industrial output flat in June
Market News
16.07.2019, 13:49

U.S. industrial output flat in June

The Federal Reserve reported on Tuesday that the U.S. industrial production was unchanged m-o-m in June, following an unrevised 0.4 percent m-o-m increase in May.

Economists had forecast industrial production would increase 0.1 percent m-o-m in June.

According to the report, the manufacturing output advanced 0.4 percent m-o-m in June, helped by a significant increase in production of motor vehicles and part (+3 percent m-o-m). Excluding motor vehicles and parts, manufacturing output rose only 0.2 percent m-o-m. Meanwhile, the output of utilities plunged 3.6 percent m-o-m, as milder-than-usual temperatures in June reduced the demand for air conditioning. The mining production moved up 0.2 percent m-o-m.

Capacity utilization for the industrial sector decreased 0.2 percentage point m-o-m in June to 77.9 percent. That was 0.2 percentage point below economists’ forecast and 1.9 percentage points below its long-run (1972-2018) average.

In y-o-y terms, the industrial output rose 1.3 percent in June, following a revised 2.1 percent advance in the prior month (originally a gain of 2.0 percent).

For the second quarter as a whole, industrial production reduced at an annual rate of 1.2 percent, its second consecutive quarterly decrease.

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location