The Federal Reserve reported that industrial production increased 0.6% in July after moving up 0.1% in June. In July, manufacturing output advanced 0.8% primarily because of an increase in motor vehicle assemblies. The output of motor vehicles and parts jumped 10.6%, and production elsewhere in manufacturing edged up 0.1%.

Capacity utilization for the industrial sector increased 0.3 percentage point in July to 78.0%, a rate that is 2.1 percentage points below its long-run (1972–2014) average.

The index for business equipment edged up, as an increase of 3.5% for transit equipment was mostly offset by a decrease of 1.5% for industrial and other equipment; the production of information processing equipment was little changed. The output of business supplies moved down 0.2%, and the production of construction supplies moved up a similar amount for its fourth consecutive monthly gain. The index for materials rose 0.6%, with increases of 1.6% and 0.4% for durable and nondurable materials, respectively, and a decrease of 0.4% for energy materials.

Access the full release from the Federal Reserve here.