Industrial production up 0.8% in June

More Hooverian indicators....

WASHINGTON (MarketWatch) -- Capping the strongest quarterly growth in six years, U.S. industrial output surged 0.8% in June, boosted by strong output at factories, mines and utilities, the Federal Reserve said Monday.

Capacity utilization -- a key measure of inflationary pressures -- rose to 82.4%, the highest level in six years, the Fed said.

Manufacturing and utility output each rose 0.7% in June, while the output of mines rose 1.2%. Production of consumer goods increased 0.8%. Production of business equipment increased 0.7%. Production of industrial supplies increased 0.6%