Industrial production (IP) rose 0.2 percent in June compared with May. Year over year, total IP was up 4.3 percent and increased at an annual rate of 5.5 percent in the second quarter of 2014. Manufacturing production edged up 0.1 percent compared with the previous month. It rose at an annual rate of 6.7 percent in the second quarter, notably faster than the 2.7 percent growth rate in 2013. Utility production continued to slide for the fifth consecutive month, falling 0.3 percent from May to June. Mining production offset the decrease in utilities, rising 0.8 percent for the month.
