June industrial production came in at.......>

US DATA: June industrial production came in at +5.4%, above expectations of

+4.4%. Capacity utilization for June came in at 68.6%, above expectations of

67.8%. May industrial production was unrevised at 1.4%, and May capacity

utilization was revised up to 65.1% from 64.8%. Despite the June jump in

industrial production, it remained 10.9% below its pre-pandemic February level,

and for Q2 as a whole, the index fell 42.6% at an annual rate, its largest

quarterly decrease since the industrial sector retrenched after World War II.

Manufacturing output in June climbed 7.2%, as all major industries posted

increases. The largest gain, 105.0%, was registered by motor vehicles and parts,

while factory production elsewhere rose 3.9%. Mining production fell 2.9%, and

the output of utilities increased 4.2%. At 97.5% of its 2012 average, the level

of total industrial production was 10.8% lower in June than it was a year

earlier.