The Fed's Industrial Production and Capacity Utilization report shows total industrial production rose 5.4 percent in June after increasing 1.4 percent in May. 

June Key Points

  • Industrial Production rose 5.4% 
  • Manufacturing rose 7.2%
  • Utilities rose 4.2%
  • Capacity Utilization rose from 65.1% to 68.6%
  • Motor Vehicles and Parts rose 105.0%

Even with the two-month bounce, IP is  10.9 percent below its pre-pandemic February level. 

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For the second quarter as a whole, the index fell 42.6 percent at an annual rate, its largest quarterly decrease since the industrial sector retrenched after World War II. 

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