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Industrial production edged down 0.1% in July, while manufacturing output stayed the same as June. At 100.2% of its 2017 average, manufacturing production in July rose 1.4% from the same month last year. Capacity utilization for manufacturing dipped to 76.8%, down 0.1 percentage points from June but increased 1.2% over the past year. Capacity remains 1.4 percentage points below its long-term average from 1972 to 2024.

In July, major market groups posted mixed results. Consumer goods production increased 0.1%, while business equipment output rose 0.5%. Among consumer goods, the production of automotive products advanced 0.7%, while the index for appliances, furniture and carpeting decreased 1.5%. Among business equipment, the gain was supported by a 1.8% and 0.3% rise in the index for transit equipment and industrial and other equipment, respectively. On the other hand, the indexes for nonindustrial supplies and materials both declined 0.3%, led by a 2.0% decline in textile materials in July.

Durable goods manufacturing rose 0.3% in July and 2.7% from the year prior. Monthly growth was greatest for aerospace and miscellaneous transportation equipment (1.7%), while primary metals, machinery and motor vehicles and parts posted the largest declines at 0.3% each. Meanwhile, led by a 2.1% drop in textile and product mills output, nondurable goods manufacturing decreased 0.4% in July but rose 0.6% from July 2024.