US Industrial Output Rises in June

U.S. industrial production rose slightly more than expected in June as manufacturing output picked up speed, a welcome sign for an economy that appears to have slowed sharply in the second quarter.

Output at the nation’s factories, mines and utilities rose 0.3 percent last month after an unchanged reading in May, the Federal Reserve said on Tuesday. Economists polled by Reuters had expected a 0.2 percent increase in June.

or the second quarter as a whole, industrial output rose 0.6 percent.Manufacturing output increased by 0.3 percent last month, beating economists expectation of a 0.1 percent rise, after an upwardly revised 0.2 percent increase in May. Manufacturing was bolstered by a 1.3 percent increase in the production of motor vehicles and parts and a 1.5 percent rise in machinery.

Mining output jumped 0.8 percent and utilities dropped 0.1 percent, a third consecutive monthly decline.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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