Industrial production in the United States decreased by 0.5% in June compared to the previous month, the Board of Governors of the Federal Reserve said in a report on Tuesday. Annually, the industrial output dropped 0.4%. Manufacturing fell by 0.3% both compared to May 2023 and June 2022.
The production of consumer goods was down 1.3% monthly and 0.7% annually, while business equipment was unchanged on a monthly basis and dropped 0.2% year-on-year. Total capacity utilization stood at 78.9%, compared to May's revised figure of 79.4%, falling by 1.6% on a yearly basis.
