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Industrial production increased 0.3% in June. Meanwhile, manufacturing output ticked up 0.1%. At 100.2% of its 2017 average, manufacturing production in June rose 0.8% from the same month last year. Capacity utilization for manufacturing rose to 76.9%, up 0.1 percentage points from May and 1.3% over the past year. Capacity remains 1.3 percentage points below its long-term average from 1972 to 2024.

In June, major market groups posted broad gains. Consumer goods production increased 0.2%, while materials output rose 0.4%. Among consumer goods, the production of durables decreased 1.4%, driven by a decline in automotive products (3.2%), while the index for nondurables advanced 0.7%, with the greatest improvement in energy goods (2.7%). Among materials, the gain was supported by a 0.9% rise in the index for energy materials. Meanwhile, the business equipment index inched up 0.1% in June, and the indexes for construction supplies and business supplies grew 0.3% and 0.4%, respectively.

Durable goods manufacturing stayed the same in June, but rose 0.8% from the year prior. Monthly growth was greatest for primary metals (3.1%), while motor vehicles and parts (-2.6%) and electrical equipment, appliances and components (-2.5%) posted the largest declines. Meanwhile, led by a 2.9% jump in petroleum and coal products output, nondurable goods manufacturing increased 0.3% in June and rose 0.4% from June 2024.