FX.co ★ US Industrial Output Misses Market Expectations

In July 2025, the United States experienced a slight decline in industrial production, registering a 0.1% decrease, contrary to expectations for it to remain steady. This follows a previously upwardly revised rise of 0.4% in June. The manufacturing output, which constitutes approximately 78% of total industrial production, saw a modest increase of 0.1%, remaining unchanged since its 0.3% rise in June. The mining sector witnessed a 0.4% decrease, while the utilities index fell by 0.2%, as the reduction in electric utilities output outpaced the gain in natural gas utilities output. Capacity utilization also dropped to 77.5% in July, which is 2.1 percentage points below its long-term average from 1972 to 2024.