Industrial Production Beats Expectations

Industrial production rose 0.4% in July.

This marks the sixth straight monthly gain in industrial production.

The Fed's latest report was expected to show production rose 0.3% over last month.

June's report was revised up to show production growth of 0.4% against a prior reading for 0.2%.

Capacity utilization for July came in at 79.2%, in-line with the 79.2% that was expected.

Manufacturing output in July rose 1% in July, the largest increase since February.

More to come ...