Industrial production rose 0.6% in June after declining 0.5% in May. For the second quarter as a whole, industrial production advanced at an annual rate of 6.0%, its third consecutive quarterly increase.
Manufacturing output moved up 0.8% in June and increased at an annual rate of 1.9% in the second quarter, about the same pace as in the first quarter. In June, the index for durables advanced 1.6%. Within durables, the rebound of about 8% for motor vehicles and parts was accompanied by increases of 1% or more for wood products, for computer and electronic products, and for aerospace and miscellaneous transportation equipment.