June Industrial Production Preview
June Industrial Production is expected to increase 0.1% following a 0.2% decline in May. Capacity Utilization is expected to be unchanged at 79.4%.
There should be a 9% jump in auto production due to the American Axle strike ending on May 22.
Utilities should see a 2% improvement after the May data was hurt by cooler temperatures.
Manufacturing aggregate hours fell 0.5% in the June Employment report, but mining hours-worked increased 1.5%.
Also of interest, the May ISM Manufacturing Production component increased to 51.5 from 51.2.