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Industrial
production rose 0.2 percent in June after having risen 0.5 percent in May.
The increase in May was previously reported to have been 0.6 percent.
Manufacturing output increased 0.1 percent in June after having moved up 0.5
percent in the previous month. At 103.9 percent of its 2007 average, total
industrial production in June was 4.3 percent above its level of a year
earlier.
Wood
Products and Paper output both rose by 0.3 percent.
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The
capacity utilization rate for total industry decreased less than 0.1 percentage
point in June to 79.1 percent, a rate that is 1.0 percentage point below its
long-run (1972–2013) average. Wood Products capacity utilization decreased by
1.3 percent, but Paper rose by 0.6 percent.
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Capacity
at the all-industries and manufacturing levels moved higher by, respectively, 0.3
and 0.2 percent in June. Wood Products extended its nearly year-long trend when
increasing by 0.4 percent. Paper, on the other hand, contracted by 0.2 percent
to another new low.
The foregoing comments represent the
general economic views and analysis of Delphi Advisors, and are provided solely
for the purpose of information, instruction and discourse. They do not
constitute a solicitation or recommendation regarding any investment.
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