U.S. factory output rebounded 0.2% in June

Friday July 14, 2017
Written by Paul Wiseman, The Associated Press
Jul. 14, 2017 - U.S. factory output rebounded in June as manufacturers churned out more cars, appliances and furniture, a reassuring sign for U.S. industry.

The Federal Reserve said Friday that factory production rose 0.2 per cent last month, reversing a drop of 0.4 per cent in May. Manufacturing output is up 1.2 per cent from June 2016.

Overall industrial production — including factories, mines and utilities — rose 0.4 per cent after growing 0.1 per cent in May. Industrial production is up 2 per cent over the past year.

Manufacturers have bounced back from a slump in late 2015 and 2016 caused by cutbacks in the energy industry and a stronger dollar that made American products costlier in foreign markets.

But American industry has sent out mixed signals recently. The Institute for Supply Management reported last week that its manufacturing index rose last month to the highest level since August 2014. But the Commerce Department reported that orders to U.S. factories fell for the second straight month in May.

Mine production rose 1.6 per cent on top of May’s 1.9 per cent increase on ramped up oil drilling and coal mining. Mine output is up 9.9 per cent from June 2016.

Utility output was flat in June and is down 2.2 per cent over the past year.

Add comment

Security code

Subscription Centre

New Subscription
Already a Subscriber
Customer Service
View Digital Magazine Renew


IMTS 2018
September 10-15, 2018
AI Manufacturing 2018
September 12-13, 2018

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.