US industrial production falls 0.2% in June

By Ovunc Kutlu

ANKARA (AA) - US industrial production bucked market expectations with a 0.2% decrease in June, according to data released by the Federal Reserve on Friday.

The market estimate was a gain of 0.1%, the same as the figure for May.

Manufacturing output declined 0.5% last month, while the market estimate was a 0.1% decrease after a drop of 0.5% in May.

Capacity utilization, which indicates overall growth and demand in the economy, came in at 80% in June, also below market expectations of 80.6%.

The figure stood at 80.3% in May.