US Industrial Output Posts Largest Back-to-Back Gains Since 2021
- Factory production notches broad advance led by consumer goods
- Capacity utilization rates were highest since September 2023
A worker welds a structural steel beam at a steel contractors facility in West Jordan, Utah.
Photographer: George Frey/BloombergThis article is for subscribers only.
US industrial production posted a solid advance for a second month in June, helped by a pickup in factory output that indicates manufacturing could be regaining some footing.
The 0.6% increase in production at factories, mines and utilities followed a revised 0.9% gain a month earlier, marking the biggest two-month advance since late 2021, Federal Reserve data showed Wednesday. The median estimate in a Bloomberg survey called for a 0.3% increase.