The USA industrial production beat expectations in July

The USA Federal Reserve (Fed) announced industrial production and capacity utilization data for the month in July.

Accordingly, industrial production in the country increased by 0.6 percent in July compared to the previous month.

In this period, industrial production, which surpassed market expectations, was expected to increase by 0.3 percent.

The June data on industrial production was revised. It was noted that industrial production, which was declared to have decreased by 0.2 percent in June, did not show any change in the month in question.

Manufacturing industry production also increased by 0.7 percent monthly in July.

Manufacturing industry production, which exceeded market expectations, was expected to increase by 0.2 percent. Manufacturing industry production decreased by 0.4 percent in June.

In the same period, the capacity utilization rate in the country increased by 0.4 percentage points to 80.3 percent.

In this period, the market expectation for the capacity utilization rate was 80.1 percent. The capacity utilization rate, which was above market expectations, was 79.9 percent in June.