WASHINGTON — Industrial production rose 0.4% in July, the Federal Reserve reported Friday.
The production increase followed a revised 0.4% increase in June, originally reported as a 0.2% gain.
Capacity utilization inched up in July to 79.2% from 79.1% the previous month.
Economists polled by Thompson Reuters projected a 0.3% increase in industrial production and a 79.2% capacity utilization rate.
Manufacturing output was up 1.0% in July following a 0.3% increase the previous month.
Utilities' output was down 3.4% in July after falling 0.7% the previous month.
