Industrial production increased 0.4% in August after having been unchanged in July, the U.S. Federal Reserve reports. The gains in August were broadly based.
At 99.4% of its 2007 average, total industrial production in August was 2.7% above its year-earlier level.
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Capacity utilization for the industrial sector increased 0.2% in August to 77.8%. This is 0.6% above its level of a year earlier and 2.4% below its long-run (1972-2012) average.