Capacity Utilization comes in 78.0% vs. est 78.3

The US Industiral production came in at 0.6% which was just above the 0.5%.
The capacity utilization came in at 78.0. That was lower than the expectations of 78.3.

  • industrial production was revised to -0.5% from -0.1% previously
  • capacity utilization was revised lower to 77.7% from 77.9%
  • US manufacturing output rose 0.8% versus expected 0.7%. Prior month revised to -1% from -0.7%
  • For the second quarter as a whole, industrial production advanced at an annual rate of 6.0 percent, its third consecutive quarterly increase.
  • The production of motor vehicles and parts rebounded last month after truck assemblies fell sharply in May because of a disruption at a parts supplier.
  • Factory output, aside from motor vehicles and parts, increased 0.3 percent in June.
  • At 107.7 percent of its 2012 average, total industrial production was 3.8 percent higher in June than it was a year earlier.

The headline numbers were mixed but revisions are not great.

The dollar dipped a bit but is now looking toward Fed Powell's testimony.