Posted September 15, 2011
Industrial production rises
Industrial production increased 0.2 percent in August after having advanced 0.9 percent in July.
The Federal Reserve reported that manufacturing output increased 0.5 percent in August; it was 3.8 percent higher than its year-earlier level. Capacity utilization for manufacturing in August was 75.0 percent, a rate 10.6 percentage points above its trough in June 2009 but still 4.0 percentage points below its long-run average. The utilization rate for July was revised down 0.3 percentage point, a move that reflects, in part, a downward revision to chemical production from April to June.
