Industrial production edged up 0.1% in June

Industrial production rose 0.1% in June and grew at an annual rate of 4% in the second quarter. In June, manufacturing output was unchanged, and the mining and utilities index rose by 0.4%. Manufacturing production excluding motor vehicles and parts decreased by 0.1%. At 102.6% of the 2017 average, total industrial production in June was 1.1% higher than the previous year’s level. Capacity utilization remained unchanged at 76.1%, a rate that is 3.3% percentage points (pp) below the long-term average (1972-2025).

Major market groups reported mixed results in June. Consumer goods production rose 0.3%, reflecting increases in both durable and non-durable goods indexes. The index for business equipment fell 0.4%, with declines in the index for information processing and for industrial and other equipment more than neutralizing the increase in the index for transportation equipment. Defense and aerospace equipment production rose 0.2%, while construction materials production fell 0.4%, business materials production was unchanged, and the materials index rose 0.1%.

June output was unchanged, with a sharp 0.1% drop in the durable manufacturing index offsetting a 0.2% increase in the nondurable manufacturing index. Durable goods production fell 0.2% in June, with more industry groups recording losses than gains. Indices for wood products, non-metallic mineral products, machinery and electrical equipment, appliances and components each fell by more than 0.5%. The production of non-durable goods increased by 0.2%, led by a 2.1% increase in the production of petroleum products and coal products.

Mining output rose 0.4% in June after gains in April and May. Utilities production rose 0.4% in June, with the increase in the electric utilities index more than offsetting the decline in the natural gas utilities index.

The utilization of production capacities in June decreased by 0.1 pp, to 75.7%, which is 2.5 pp below the long-term average (1972 – 2025). The mining operating rate increased 0.4 percentage points to 87.4% and the utilities operating rate increased 0.2 percentage points to 69.5%. Mining utilization rates were 2.2 points above the long-term average, while the utilities rate remained well below the long-term average.

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