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U.S. industrial production increased 0.2% in June after having edged down 0.1% in May, according to the U.S. Federal Reserve. For the second quarter as a whole, total industrial production increased at an annual rate of 0.8%. Manufacturing output was unchanged in June.
In the second quarter, supply chain disruptions following the earthquake in Japan curtailed the production of motor vehicles and parts and restrained output in related industries; the production index for overall manufacturing was little changed for the quarter.
The capacity utilization rate for total industry remained unchanged at 76.7% in June, a rate 2.2 percentage points above the rate from a year earlier but 3.7 percentage points below its average from 1972 to 2010.
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