Industrial Production Up Slim 0.3% in June
Industrial production rose by a slim 0.3 per cent in June, the Federal Reserve Board reported yesterday.</br></br>The Fed said that production of the nationÛªs factories, mines and utilities rose to 123.9 per cent of the 1967 average, which was the smallest rise since a similar 0.3 per cent gain in July,</br></br>The June rise compared with an upward revised 0.7 per cent increase in May. The May advance originally had been reported as 0.5 per cent.</br></br>The Fed report showed that output of business equipment and industrial materials showed continued gains but consumer goods production dipped.</br></br>While production of carpeting and furniture advanced in June, output of some appliances, other household durable goods and consumer nondurable goods declined.