Summary: US industrial output expands by 0.6% in June, up 9.8% over 12 months; rise less than expected; May figure revised down slightly; utility output & mining up, manufacturing “disappoints; capacity utilisation rate rises, still short of February 2020 figure. 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...