June 2012 Industrial Production, Capacity Utilization and Capacity

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Industrial production increased 0.4 percent in June after having declined 0.2 percent in May. In the manufacturing sector, output advanced 0.7 percent in June and reversed a decrease of 0.7 percent in May. In 2Q2012, manufacturing output rose at an annual rate of 1.4 percent, a marked deceleration from its strong gain of 9.8 percent in 1Q. The largest contribution to the increase in 2Q came from motor vehicles and parts, which climbed 18.2 percent; excluding motor vehicles and parts, manufacturing output edged up 0.1 percent. At 97.4 percent of its 2007 average, total industrial production in June was 4.7 percent above its year-earlier level.

Industrial production increased by 0.8 percent for Wood Products and 0.4 percent for Paper.
 

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Capacity utilization for total industry moved up 0.2 percentage point in June to 78.9 percent, a rate 1.4 percentage points below its long-run (1972--2011) average. As with industrial production, capacity utilization rose for both components of forest products manufacturing: +1.0 percent for Wood Products, and +0.6 percent for Paper.
 

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Capacity at the all-industries and manufacturing levels crept higher (0.1 percent). By contrast, Wood Products and Paper both dropped by 0.2 percent.