According to the Federal Reserve report, manufacturing output moved down 0.6% last month, with declines among both durable and nondurable goods producers. The production of consumer goods declined 0.3% in June, while the output of consumer durables fell 1%. Within consumer durables, the indexes for automotive products, appliances, furniture, carpeting, and home electronics all fell in June. The output of consumer nondurable goods edged down 0.1%.
The output of business equipment fell 0.8% last month, while the output of transit equipment was unchanged. Meanwhile, the output of defense and space equipment increased 0.8%.