U.S. Industrial Production Expands by 0.4% in August

Industrial Production in the United States expanded by 0.4% on a monthly basis in August, the US Federal Reserve reported on Tuesday. This reading followed July’s increase of 3.5% (revised from 3%) and came in worse than the market expectation of 1%.

“Capacity utilization for the industrial sector increased 0.3 percentage point in August to 71.4%, a rate that is 8.4 percentage points below its long-run (1972–2019) average but 7.3 percentage points above its low in April.”