Industrial production and manufacturing production each grew 0.2% in July after growing 0.3% in June, according to the Federal Reserve.
In July, the indexes for mining and for utilities increased 0.2% and 0.5%, respectively. Manufacturing output excluding motor vehicles and parts increased 0.4%.
At 103% of its 2017 average, total IP in July was 1.1% above its year-earlier level. Capacity utilization edged up to 76.3%, a rate that is 3.1 percentage points below its long-run average.
The average U.S. credit card spend rose $109 since last year, reflecting financial strength for some customers and mounting financial pressure for others, according to JD Power’s 2026 U.S. Credit Card Satisfaction Study.
Pending home sales in July decreased by 2.3% month-over-month and 2.2% year-over-year, according to the National Association of Realtors.
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1.239 million, which was 12.4% below the revised June estimate and 13.5% below the July 2025 rate.
HomeTrust Bancshares in North Carolina, to buy Blue Ridge Bankshares in Virginia. Also, Great American Bank to buy Cottonwood Valley Bank in Cedar Point, Kansas.
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Mississippi and West Virginia affected by severe storms.
As regulators weigh changes to the CAMELS rating system, ABA said it supports revisions that prioritize safety and soundness but believes further changes should be made to make ratings more objective and predictable.
