While industrial production increased only 0.2% in July after having advanced 0.4% in June, manufacturing fared better gaining 0.4%. This figure was boosted by a rise of 3.6% in the production of motor vehicles and parts.
Excluding motor vehicles and parts, the index for manufacturing increased 0.2%.
In July, the capacity utilization rate for total industry edged up to 79.9%, a level 1.1 percentage points below its average for 1972-2007.
Source: IndustryWeek
Monday, August 18, 2008
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