U.S. industrial production declined 0.2% in July. Manufacturing output decreased 0.4% last month and has fallen more than 1.5% since December 2018. Durables, nondurables and other manufacturing all posted decreases in July. Production fell for most major durable goods categories. The largest declines were recorded by wood products, machinery and nonmetallic mineral products, while the only sizable gain was registered by aerospace and miscellaneous transportation equipment.