Recovery continues in June; US output, capacity usage rise

15 July 2020

 

Summary: US output increases for a second consecutive month; gain higher than expected; capacity usage increases but still at GFC levels.   The Federal Reserve’s industrial production (IP) index measures real output from manufacturing, mining, electricity and gas company facilities located in the United States. These sectors are thought to be sensitive to consumer demand and so some leading indicators of GDP use industrial production figures as a component. Figures...

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