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Factory Output Rose in July, Signaling Momentum

Wall Street Journal (08/15/14) Josh Mitchell; Eric Morath

U.S. industrial production increased 0.4% in July from the previous month, according to the U.S. Federal Reserve. Capacity utilization increased 0.1 percentage point to 79.2%. Economists surveyed by the Wall Street Journal had forecast that output would increase 0.2% and a utilization rate of 79.1%. Manufacturing production rose 1.0%, and vehicle production saw the biggest jump since July 2009 with a 10.0% increase. Overall output has increased steadily over the last six months and in July was up 5% from a year ago, indicating the economy is gaining traction.