the numbers us industrial production rose 06 in july the federal reserve reported tuesday the gain was above wall street expectations of a 03 increase according to a survey by the wall street journal capacity utilization rebounded to 803 in july from 799 in the prior month the capacity utilization rate reflects the limits to operating the nation’s factories mines and utilities economists had forecast a 802 rate output of the us industrial sector was at an alltime high eclipsing the level hit in 2018 key details manufacturing rose 07 in july after falling in the prior two months motor vehicles and parts output rose 66 after a 13 fall on the prior month excluding autos total industrial output increased 03 auto assemblies were the highest since august 2020 utilities output fell 08 in july mining output which includes oil and natural gas rose 07 the third straight solid gain oil and gas drilling is at a 7year high big picture surveys of manufacturers show growing concern about the sector going forward but the strong july reading was expected after the jobs report released early in the month showed a solid increase in hours worked in the sector market reaction us stocks djia spx were set to open lower on tuesday after key earnings data from big us retailers