US industrial output increased by 0.5% in July

On August 14, the Federal Reserve Board issued a report that industrial production in the United States increased by 0.5% in July, the first time in nine months, and a decrease of 0.4% in June. In July, the factory operating rate was 68.5%, which was 0.4 percentage points higher than the revised value in June. The average operating rate between 1972 and 2008 was 80.9%. Looking at the same period of last year, industrial production fell by 13.1% in July, and the operating rate fell by 10.1%. In terms of industrial sectors, manufacturing output rose by 1.0% in July, and operating rate increased by 0.7 percentage points to 65.4%; motor vehicle and parts output surged by 20.1%, of which sedan production soared by 41.6%, and auto industry operating rate increased. 7.7 percentage points to 45.3%; extractive industry output increased by 0.8%, operating rate increased by 0.7 percentage points to 81.7%; utility output decreased by 2.4%, operating rate decreased by 2.1 percentage points to 77.6%; machinery industry output decreased by 0.5% The decline narrowed by 1.1 percentage points; the output of the commercial equipment industry rose by 0.5%, and in June it fell by 0.6%.

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