U.S. Industrial Output Rises 0.5 Percent
Posted on: Tuesday, 17 July 2007, 12:02 CDT
U.S. industrial production rose 0.5 percent in June, the biggest gain in five months, the U.S. Federal Reserve reported Tuesday.
The increase, reflecting an upsurge in manufacturing, construction and high technology, followed a 0.1 percent decline in May, the central banking system said.
June manufacturing output rose by 0.6 percent, mining was up 0.5 percent and utility productivity rose by 0.3 percent.
Capacity usage -- the extent to which the nation actually uses its productive capacity -- rose 0.3 percentage points to 81.7 percent.
Some analysts expressed concern high resource utilization would add to inflation.
Over the 12 months that ended in June, industrial production rose 1.4 percent, while capacity use was up 2.1 percent, the Fed said.
Source: United Press International
Related Articles
- U.S. Producer Prices Rose in June
- Stowe Coal Index(SM) Gained 40.12 Percent Through June
- APWG Reports Crimeware Sites Up 40 Percent in June; Crimeware-Spreading Sites Surges to Record High
- Wholesale Prices Rise 0.5 Percent in June
- Core Inflation Up Just 0.2 Percent in June
- Backup Service Providers Witness Substantial Growth Fueled By Agentless Asigra Software; Data Protection Firms See a 140 Percent Increase in Capacity Growth Over 2004 Full Year Figures - in Just the First Ten Months of 2005
- Consumer spending up 0.8 percent in June
- Big-Ticket Orders Up 2.1 Percent in June
- Consumer Prices Rise 0.2 Percent in June
- Wholesale Prices Up 0.5 Percent in June
User Comments (0)
RSS Feeds