Last updateFri, 19 Oct 2018 1pm


Manufacturing & The Economy

U.S. Factory Output Declined in July

Manufacturing output edged down 0.1% in July. The index for durables decreased 0.5%. Among durable manufacturing industries, with the indexes for primary metals and for furniture and related products each dropped more than 1%. The index for other manufacturing (publishing and logging) moved down 0.4%. Capacity utilization for manufacturing edged down 0.1% in July to 75.4%, a rate that is 3.0% below its long-run average.

The index for mining rose 0.5% in July for its fourth consecutive monthly increase. Within mining, gains in oil and gas extraction and in metal ore mining were partially offset by declines in nonmetallic mineral mining and in drilling and support activities. The decrease of 0.5% in drilling and support services followed 10 consecutive months of increases for that index. 

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