Industrial production rose 0.3% in July, the Federal Reserve said Wednesday.
The gain in production at factories, mines and utilities followed a 0.6% gain in June that was bigger than the 0.5% originally reported.
The increase matched economists’ forecasts, Bloomberg reported.
The share of industrial capacity in use rose to 81.9%, the highest since last September.
Factory output, which accounts for about four-fifths of the figure, rose 0.6% for the second straight month. Ìý The factory sector is one of trucking’s largest and most important customers.
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