US factory output remained steady in June, but saw strong second-quarter growth. This expansion was fueled by artificial intelligence investments and businesses stocking up. Motor vehicle and parts production increased, while semiconductor output also rose. Overall industrial production saw a slight increase, reflecting broader economic activity. Capacity utilization remained below its historical average for the industrial sector.

US industrial production rose just 0.1% in June 2026, technically missing expectations. Capacity utilization remains well below average, signaling economic

...disappointing while PMIs surge...