US: Industrial production rose 0.6% in June to match expectations

"Industrial production rose 0.6 percent in June after declining 0.5 percent in May," the Board of Governors of the Federal Reserve reported on Tuesday.

Key takeaways from the official publication

• For the second quarter as a whole, industrial production advanced at an annual rate of 6.0 percent, its third consecutive quarterly increase.
• Manufacturing output moved up 0.8 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.
• Capacity utilization for the industrial sector increased 0.3 percentage point in June to 78.0 percent, a rate that is 1.8 percentage points below its long-run (1972–2017) average.