Industrial production rebounded to rise slightly ahead of forecasts in June, and factory output was unchanged for a second straight month.

According to the Federal Reserve, industrial production climbed 0.3%. Capacity utilization came in at 78.4%, also beating expectations.

According to Bloomberg, economists had forecast that industrial production rose 0.2% month-over-month, up from a drop of 0.2% in May, and capacity utilization was unchanged from 78.1% last month.

More to come ...

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