Industrial Production and Capacity Utilization Increased in July in the USA

The US Federal Reserve (Fed) announced industrial production and capacity utilization data for July. Accordingly, industrial production in the country increased by 0.2% in July compared to the previous month. Market expectation was that industrial production would increase by 0.3% in this period, as in June. Industrial production increased by 1.1% on an annual basis in July. Manufacturing industry production increased by 0.2% in July, in line with expectations. Manufacturing industry production increased by 0.3% in June. The capacity utilization rate in the country increased by 0.1 points to 76.3% in July and reached the highest level in the last year. The rate in question remained 3.1 points below the long-term average for the period 1972-2025. The capacity utilization rate, which was in line with market expectations in July, was 76.2% in June.