WASHINGTON — Industrial production rose 0.2% in June, the Federal Reserve reported Wednesday.
The production increase followed a revised 0.5% increase in May, originally reported as a 0.6% gain.
Capacity utilization was unchanged in June at 79.1%.
Economists polled by Thompson Reuters projected a 0.4% increase in industrial production and a 79.3% capacity utilization rate.
Manufacturing output was up 0.1% in June following a 0.4% increase the previous month. June was the fifth consecutive month with a gain in manufacturing output, the Federal Reserve said.
Utilities' output was down 0.3% in June after falling 0.4% the previous month.
