US industrial production rose 0.3% MoM and 0.7% YoY in June, rebounding from flat readings in April and May. For Q2 overall, production grew at a 1.1% annualized rate.

• Manufacturing output was up just 0.1% MoM, while mining declined -0.3% and utilities surged 2.8%.
• Durable goods output was flat in June, with autos down -2.6% MoM and electrical equipment down -2.5%, offset by gains in primary metals (+3.1%) and aerospace (+1.6%).
• Nondurable production rose 0.3% MoM, led by a 2.9% increase in petroleum and coal products.
• Consumer goods output rose 0.2% MoM, but autos pulled durable production down -1.4%, while energy nondurables jumped 2.7%.
• Capacity utilization increased to 77.6% overall; manufacturing rose to 76.9%, utilities to 70.1%, and mining fell to 90.6%.
• Total industrial production was 0.7% above June 2024 levels, with Q2 mining output up 5.7% annualized despite the June dip.