U.S. factory production increased in June in line with analysts’ forecasts, as demand for natural resources, automobiles and machinery rebounded, Federal Reserve data showed Friday.
Factory output was up 0.2% (est. 0.2% gain) after falling 0.4%.
Total industrial production, which also includes mines and utilities, increased 0.4% (est. 0.3% gain) after revised 0.1% advance.
Capacity utilization, measuring the amount of a plant that is in use, climbed to 76.6% (est. 76.8%) from 76.4%.