G17: G.17 Data for July 2024 are now available

Industrial production and capacity utilization data for July 2024 are now available.

Industrial production fell 0.6 percent in July after increasing 0.3 percent in June. Early July shutdowns concentrated in the petrochemical and related industries due to Hurricane Beryl held down the growth of industrial production by an estimated 0.3 percentage point. Manufacturing output stepped down 0.3 percent as the index for motor vehicles and parts fell nearly 8 percent; manufacturing excluding motor vehicles and parts rose 0.3 percent. The index for mining moved sideways while the index for utilities decreased 3.7 percent. At 102.9 percent of its 2017 average, total industrial production in July was 0.2 percent below its year-earlier level. Capacity utilization moved down to 77.8 percent in July, a rate that is 1.9 percentage points below its long-run (1972–2023) average.

In 2025, the G.17 release on Industrial Production and Capacity Utilization will be published at 9:15 a.m. on January 17, February 14, March 18, April 16, May 15, June 17, July 16, August 15, September 16, October 17, November 18, and December 16.