Total industrial production in the United States increased 0.6% in June, according to the Federal Reserve Board.
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But in the second quarter, factory output fell at an annual rate of 1%.
Industrial output rose 0.6% following a 0.3% decline in May, beating analysts’ expectations of 0.3% growth amid strong auto and utility production. Utilities climbed 2.4% due to warmer than usual weather in June, which lead to higher air conditioning usage.
Economists had forecast that industrial production rebounded to 0.3% after a revised drop by 0.3% in May, according to Bloomberg.
The mining index edged up 0.2% in June, as rises in the indices for oil well drilling and servicing and coal offset declines in oil and gas extraction.
Additionally, the Fed said capacity utilization for the industrial sector rose to 75.4 percent in June from 74.9 percent in May.
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The Federal Reserve will release data on industrial production and capacity utilization at 9:15 a.m. ET.
