The Federal Reserve reported today that industrial production rose 0.6% in July, slightly better than the consensus of 0.5%. Typically this would be a good figure, but June was revised down from 0.4% to 0.1%.
The increase to an index reading of 98.0 is 17.4% above the recession low, but still 2.4% below the pre-recession peak.
Capacity utilization for July was 79.3%, up from 78.9% in June. This is the highest reading since April of 2008.
