**MNI 5 THINGS: US July IP Up 0.1%, Below Expected +0.4%>

--5 Things We Learned From July Industrial Production Data

By Shikha Dave, Harrison Clarke, and Sara Haire

     WASHINGTON (MNI) - The following are the key points from the 

Industrial Production and Capacity Utilization data for July released by 

the Federal Reserve Wednesday: 

     - Industrial production came in lower than the 0.4% increase 

expected, up 0.1% in July after upward revisions to June and downward 

revisions to May. Outside of the rise in motor vehicle production, 

industrial production would have been up 0.1%. 

     - Manufacturing production rose 0.3% in the month on a 0.9% rise in 

motor vehicles and parts production and a 0.2% increase outside of motor 

vehicles.  

     - Utilities production fell 0.5%, with the mix showing a 0.9% 

decrease in electricity production and a 2.2% increase in natural gas 

production. 

     - Some analysts had been expecting a modest rise in mining 

production, but will be surprised by a fall of 0.3% in July, breaking 

the string of gains.  

     - Capacity utilization came in at 78.1%, slightly below the 78.2% 

expected. This followed an upward revision to 78.1% from 78.0% in June. 

Manufacturing capacity utilization rose by 0.2pp to 75.9%. 

     ** MNI Washington Bureau: 202-371-2121 ** 

[TOPICS: MAUDS$,M$U$$$,MAUDR$]